Shell recognises consumer concerns over the price at the pump and is working to address it by developing new technologies and identifying new sources of oil. But even with improvements in efficiency, technology and alternative fuels, the world’s supply and demand balance will remain tight over time as more nations seek the oil they need to sustain their domestic growth.
As you browse our site, you’ll learn about the many factors affecting prices at the pump.
Graham van’t Hoff, Chairman, Shell UK, said:
We’re often asked why the cost of petrol and diesel in the UK is so high, so we wanted to help explain. Well over 90% is made up of tax, duty and the price of the oil itself. In fact, the petrol or diesel price in the UK is one of the lowest in Europe before tax and duty. Shell makes pennies per litre at the pump.
Our global profits are not made at the expense of the British motorist; most are made outside the UK and in our global exploration and production business. Those made in the UK are primarily from the production of oil and gas but are re-invested in our business. I hope you find our website helpful.
There were a number of things our customers wanted to know about the price at the pump. Here, Graham van’t Hoff, Chairman, Shell UK, answers the most common questions that we’re often asked.
Please contact us if you need more information.
