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Farm Inputs

Monthly Fuel Price Tracker

7 August 2014
  • Latest figures from OPEC show that the price of oil fell by $2.28 (2.1%) from June to $105.61/barrel in July 2014.
  • Annual comparisons show that the price of oil is up $1.16/barrel from July of last year when it was $104.45
  • In sterling terms, the July price of £61.82/barrel was down £2.01/barrel (3.1%) from the previous month and down £7.01/barrel (10.2%) year-on-year.
  • In July 2014, the average price for red diesel was up 0.63ppl to 66.67ppl and the retail pump price of diesel also rose 0.76ppl to 136.17ppl compared with June 2014.

 

Red diesel prices are down 2.88ppl (4.1%) to 66.67ppl and the diesel pump prices are also down 3.45ppl to 136.17ppl compared with July 2013.

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.       

 

 

Jul-14

Jun-14

Jul-13

OPEC Price (US$ / Barrel)

105.61

107.89

104.45

OPEC Price (£ / Barrel)†

61.82

63.83

68.83

UK Red Diesel (ppl)*

66.67

66.03

69.54

UK Diesel Pump Price (ppl)

136.17

135.41

139.62

                                                                    

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

† Exchange rate for July 2014 used 06/08/2014.

 Fuel Prices- Monthly