UK PPI output index: crude petroleum and natural gas
UK PPI output index: crude petroleum and natural gas stood at 198.5 in Aug 2026, according to Office for National Statistics (ONS). It is one of the indicators in the Producer price inflation table (Value · Monthly), with a complete series running from Dec 2008 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Producer price inflation table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Output price index by product group | |||||||||||
| B06 Crude petroleum and natural gas | 198.5 | 199.2 | 207.1 | 268.1 | 267.5 | 244.3 | 156.2 | 139.9 | 136.9 | 151.4 | |
| B08 Other mining and quarrying products | 149.1 | 148.8 | 149.2 | 149.5 | 146.8 | 148.5 | 146.4 | 149.1 | 147.2 | 144.8 |
Understanding UK PPI output index: crude petroleum and natural gas
Wellhead valuation rates and field-gate transaction metrics for unrefined liquid hydrocarbons and gaseous fossil fuels extracted within the United Kingdom are captured by this specific output producer price index. The measure encompasses transactions where ownership of raw geological deposits changes hands from extraction operators to pipeline networks, coastal terminals, or initial processing refineries, while entirely omitting subsequent refined petroleum derivatives, imported fuel shipments, and wholesale distribution margins. Unlike downstream manufacturing indexes that aggregate complex assemblies, this series isolates the initial upstream extraction stage, reflecting pure commodity value shifts before any industrial transformation occurs.
Interpreting these monthly figures requires careful consideration of global benchmark linkages, currency fluctuations, and sudden extraction shocks that frequently introduce sharp volatility into the index. Early statistical estimates are subject to routine revisions as delayed commercial returns, corrected contractual disclosures, and retroactive pricing adjustments are integrated by statisticians. Analysts should compare annual percentage changes rather than month-on-month shifts to filter out routine seasonal maintenance pauses at offshore extraction facilities. When evaluating this index alongside broader manufacturing cost metrics, remember that extraction price movements flow unevenly through supply chains, often taking several quarters to appear in finished consumer goods.
Frequently Asked Questions: Q: How does this series differ from refined petroleum output measures? A: This measure tracks raw, unrefined hydrocarbons at the wellhead or field gate, whereas refined petroleum indices cover products that have already undergone processing in a refinery. Q: Are offshore extraction activities included in the geographic scope? A: Yes, domestic production sites located within UK territorial waters and continental shelf areas are incorporated alongside onshore extraction points. Q: Why might month-on-month figures appear volatile? A: Global commodity market swings, pipeline maintenance schedules, and rapid shifts in international energy demand frequently cause sharp monthly fluctuations.
Frequently asked questions
- How does this series differ from refined petroleum output measures?
- This measure tracks raw, unrefined hydrocarbons at the wellhead or field gate, whereas refined petroleum indices cover products that have already undergone processing in a refinery.
- Are offshore extraction activities included in the geographic scope?
- Yes, domestic production sites located within UK territorial waters and continental shelf areas are incorporated alongside onshore extraction points.
- Why might month-on-month figures appear volatile?
- Global commodity market swings, pipeline maintenance schedules, and rapid shifts in international energy demand frequently cause sharp monthly fluctuations.