Support 100 years of independent journalism.

  1. Politics
24 February 2011

The petrol price index

Fed up with petrol price increases? Just be thankful that you’re not Greek . . .

By Duncan Robinson

A nifty chart published by the Economist details how much we Brits pay for petrol compared to other European nations, the United States and Japan. While we pay more than many, Denmark, Greece and the Netherlands all have to fork out more at the pump.

In general, however, the amount of tax Britons pay for a litre of unleaded is broadly similar to the amount in other countries of western Europe. This could cause some relief for George Osborne, who has come under pressure to forgo a planned increase in petrol duty.

With the price of oil increasing, ministers have looked at a “fuel duty stabiliser”, which would temporarily cut fuel duty, limiting the pain felt by British motorists.

Sign up for The New Statesman’s newsletters Tick the boxes of the newsletters you would like to receive. Quick and essential guide to domestic and global politics from the New Statesman's politics team. The New Statesman’s global affairs newsletter, every Monday and Friday. The best of the New Statesman, delivered to your inbox every weekday morning. The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. A handy, three-minute glance at the week ahead in companies, markets, regulation and investment, landing in your inbox every Monday morning. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.

If anyone has cause to complain, however, it is the Greeks. In the midst of a crippling austerity budget, the price of petrol has shot up by 50 per cent.

Content from our partners
Is your business ready for corporate climate reporting?
How do we secure the hybrid office?
How materials innovation can help achieve net zero and level-up the UK