Oil price manufacturing industry in Great Britain 2022

In 2022, average price of heavy fuel for all consumers amounted to 879.3 British pounds per metric ton. Overall, small consumer tend to pay higher prices compared to medium and large consumers. Price of heavy fuel oil per metric ton for the manufacturing industry has oscillated since 2010. Between 2010 and 2012, the average price of all consumers continuously increased. From 2013 onwards, figures declined to the low of 359.5 British pounds per metric ton in 2016, and rose in the following years.

Average annual price of heavy fuel oil for the manufacturing industry in Great Britain from 2010 to 2022* (in GBP per metric ton)

Characteristic	Small consumer**	Medium consumer**	Large consumer**	Average
2022	1,223.1	927.1	856.9	879.3
2021	590.7	577.7	438.2	511
2020	482.7	471.9	421.8	436.3
2019	581.08	544.25	484.69	518.1
2018	572.49	522.95	447.91	480.41
2017	519.71	413.2	400.49	413.81
2016	415.19	385.5	327.99	359.49
2015	406.28	411.49	313.02	359.6
2014	558.8	519.4	519.1	524.4
2013	675.4	581.7	570.5	588.2
2012	651.8	592.8	605.8	607.3
2011	625.6	537.5	581.8	572
2010	506.9	461	496.6	471.5

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Release date

December 2023

More information

Region

United Kingdom (Great Britain)

Survey time period

2010 to 2022

Supplementary notes

* Oil product prices include hydrocarbon oil duty. From 23 March 2011 the effective duty rates per metric ton are £108.18 for Heavy Fuel Oil and £128.77 for gas oil.
** Small consumers made annual purchases of up to 490 metric ton, 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.

This statistic using original data from the Department for Business, Energy and Industrial Strategy and includes copyright material licensed under © Crown, the Open Government License v3.0

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