Where your money goes

UK fuel prices January 2026

Last updated .

UK petrol averaged 133.2p a litre in January 2026, of which 75.2p was tax (56%) and 30.6p was crude oil. The price fell from 134.9p in the week to 5 January 2026 to 132.0p in the week to 26 January 2026.

Every week in January 2026

UK petrol price decomposition, January 2026, pence per litre
Week toPump priceCrudeMarginDutyVAT
5 January 2026134.929.430.152.9522.5
12 January 2026133.430.527.752.9522.2
19 January 2026132.631.426.252.9522.1
26 January 2026132.031.126.052.9522.0

What was happening

Brent averaged $66 a barrel over the month and the pound bought $1.353. Fuel duty was 52.95p a litre throughout. The refining and retail margin averaged 27.5p.

Where these figures come from

Pump prices are the Department for Energy Security and Net Zero's weekly UK average, with the duty and VAT rates DESNZ published alongside each week. Crude is Brent converted at that week's exchange rate. The full method is on the methodology page, and the underlying series are downloadable.