Site loading slowly? Switch to our Low Bandwidth version

You are here

Farm Inputs

Monthly Fuel Price Tracker

9 September 2014
  • Latest figures from OPEC show that the price of oil fell by $4.86 (4.6%) from July to $100.75/barrel in August 2014.
  • Annual comparisons show that the price of oil is down $6.77/barrel from August of last year when it was $107.52
  • In sterling terms, the August price of £60.25/barrel was down £1.57/barrel (2.5%) from the previous month and down £9.14/barrel (13.2%) year-on-year.
  • In August 2014, the average price for red diesel was down 1.89ppl to 64.64ppl and the retail pump price of diesel also fell 2.27ppl to 133.74ppl compared with July 2014.
  •   Compared with August 2013, red diesel prices are down 6.57ppl (9.2%) and the diesel pump  prices are also down 7.89ppl.

For more information click here to access the OPEC website for crude oil prices and click here to access the DECC website for pre-tax diesel prices and diesel pump prices.       

 

 

Aug-14

Jul-14

Aug-13

OPEC Price (US$ / Barrel)

100.75

105.61

107.52

OPEC Price (£ / Barrel)†

60.25

61.82

69.39

UK Red Diesel (ppl)*

64.64

66.53

71.21

UK Diesel Pump Price (ppl)

133.74

136.01

141.63

 *Red diesel duty July and August 2014 and August 2013 = 11.14ppl

† Exchange rate for August 2014 used 29/08/2014.

Fuel Prices- Monthly