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Sales of petrol are drying up

Embargoed to 0001 Friday April 5
File photo dated 18/3/2013 of motorist filling up with petrol at a forecourt. Petrol sales have plummeted in the last five years, according to official figures. PRESS ASSOCIATION Photo. Issue date: Thursday April 4, 2013. In 2007, forecourts sold 22.87 billion litres of petrol but the annual figure had slid to 17.42 billion litres by 2012, Government statistics highlighted by the AA showed. See PA story TRANSPORT Fuel. Photo credit should read: Lynne Cameron/PA Wire
Embargoed to 0001 Friday April 5 File photo dated 18/3/2013 of motorist filling up with petrol at a forecourt. Petrol sales have plummeted in the last five years, according to official figures. PRESS ASSOCIATION Photo. Issue date: Thursday April 4, 2013. In 2007, forecourts sold 22.87 billion litres of petrol but the annual figure had slid to 17.42 billion litres by 2012, Government statistics highlighted by the AA showed. See PA story TRANSPORT Fuel. Photo credit should read: Lynne Cameron/PA Wire

Petrol sales have plummeted in the last five years, according to official figures.

In 2007, forecourts sold 22.87 billion litres of petrol. However, the annual figure had slid to 17.42 billion litres by 2012, Government statistics highlighted by the AA showed.

Diesel sales, though, have risen slightly over the last five years, going up from 14.80 billion litres in 2007 to 16.73 billion litres in 2012.

Taking petrol and diesel sales together, fuel stations sold 37.67 billion litres of fuel in 2007 but only 34.16 billion litres in 2012.

The AA said the decrease was equivalent to 35 days of fuel sales being lost since the start of the credit crunch.

AA president Edmund King said: “Greater take-up of diesel cars and smaller petrol vehicles has contributed to this overall decline in UK fuel sales over the long term.

“However, soaring pump prices have taken a huge toll on petrol sales more recently. During the 10p-a-litre price surges last March and October, pump sales of petrol fell by up to 5%.”

He added: “The trouble is that, with global economic recovery, the stock market will predict greater oil and fuel demand and push up commodity values accordingly.

“Drivers’ fuel consumption and retail survivability are already precarious. What will happen when the speculators pump themselves up with bullish sentiment and send prices soaring yet again?”

The figures were produced by the Department of Energy and Climate Change.