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UK fuel prices February 2026

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UK petrol averaged 131.6p a litre in February 2026, of which 74.9p was tax (57%) and 32.5p was crude oil. The price rose from 131.6p in the week to 2 February 2026 to 131.7p in the week to 23 February 2026.

Every week in February 2026

UK petrol price decomposition, February 2026, pence per litre
Week toPump priceCrudeMarginDutyVAT
2 February 2026
Details for 2 February 2026
131.631.225.552.9521.9
Crude
31.2
Margin
25.5
Duty
52.95
VAT
21.9
9 February 2026
Details for 9 February 2026
131.532.823.852.9521.9
Crude
32.8
Margin
23.8
Duty
52.95
VAT
21.9
16 February 2026
Details for 16 February 2026
131.632.624.152.9521.9
Crude
32.6
Margin
24.1
Duty
52.95
VAT
21.9
23 February 2026
Details for 23 February 2026
131.733.523.352.9521.9
Crude
33.5
Margin
23.3
Duty
52.95
VAT
21.9

What was happening

Brent averaged $70 a barrel over the month and the pound bought $1.362. Fuel duty was 52.95p a litre throughout. The refining and retail margin averaged 24.2p.

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.

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