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Price of oil per metric ton: manufacturing industry in Great Britain 2010-2019

Price of heavy fuel oil per metric ton for the manufacturing industry has oscillated since 2010. Between 2010 and 2012, average price of all consumers continuously increased to the peak, at 607.3 British pounds per metric ton. From 2013 onwards, figures declined to the low of 359.5 British pounds per metric ton in 2016, and rose on the following years. In 2019, average price of heavy fuel for all consumers amounted to 518.1 British pounds per metric ton. Overall, small consumer tend to pay higher prices compared to medium and large consumers.

Average annual price of heavy fuel oil per metric ton for the manufacturing industry in Great Britain from 2010 to 2019*

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Source

Release date

June 2020

Region

United Kingdom (Great Britain)

Survey time period

2010 to 2019

Supplementary notes

* Oil product prices include hydrocarbon oil duty. From 23 March 2011 the effective duty rates per tonne are £108.18 for Heavy Fuel Oil and £128.77 for gas oil.
** Small consumers made annual purchases of up to 490 tonnes, medium consumers between 490 and 4,900 and large consumers over 4,900.

From the source: It should be noted that prices for these fuels are drawn from small samples.

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* Prices do not include sales tax.

Statistics on "Fuel and petrol stations in the UK"

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