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Projection of the retail price of gas oil in the UK 2020-2035, by sector

Gas oil retail price is projected to be cheaper for the industry sector in comparison with the services sector. By 2035, retail price for gas oil is expected to be 5.6 British pence per kilowatt hour for industrial use, and 5.9 British pence per kilowatt hour for services use.

Projected retail price of gas oil in the United Kingdom (UK) from 2020 to 2035, by sector*

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Source

Release date

October 2020

Region

United Kingdom

Survey time period

2019

Supplementary notes

* Projected data is taken from the reference scenario, which is based on central estimates of economic growth and fossil fuel prices and contains all agreed policies where decisions on policy design are sufficiently advanced to allow robust estimates of impact (i.e. including "planned" policies).

Industrial prices allow for the average impact of Climate Change Agreement (CCA) rebates and Good Quality Combined Heat and Power (GQCHP).

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* Prices do not include sales tax.

Statistics on "Retail trade in the United Kingdom (UK)"

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