Market Research Finds Huge Fall in Petrol Sales

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5th October 2012 10:45 - Oil and Gas

The Department of Energy and Climate Change have found that nearly 500 million fewer litres of petrol were sold between April and June in comparison to the same period in 2011.

The first three months of this year saw a rise in sales of almost 120 million litres of fuel due to the buying frenzy sparked by news of a possible strike by tanker drivers. 

However, the data suggests more than 2 billion fewer litres of fuel were sold in the first six months of this year compared to the same period in 2008 - just before the recession began.  Approximately 19 billion litres of petrol and diesel were sold between January and June 2008.  In contrast, in the first half of this year only 16.7 billion litres were sold.

Petrol prices also decreased during this period.  They reached a height of 142.48p a litre in April and had fallen to 131.19p by the end of June, a drop of more than 10p a litre.

Edmund King, president of the AA, gave his view on the findings: “While we welcome the fact that new cars have become more fuel-efficient, this goes nowhere near to accounting for the crash in demand over the past three months and the past five years.”

He added, "Price transparency is the way forward - to ensure and show drivers that they are getting a fair deal at the pump."

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