According to
Auto Express.
Seems like price is affecting demand.
Quote:
Petrol and diesel sales are plummeting as a result of high prices, research from the AA shows. And it’s costing the Government billions in tax revenue.
Sales of petrol fell by an incredible 186.5million litres in the first quarter of the year, compared to the same period in 2010. The AA puts the drop down to hard pressed motorists being driven off the road by record pump prices. And things just got worse in the second quarter, with sales crashing by a further 330.7million litres.
Although diesel sales were more resilient – dropping by 31.2million litres over the last six months compared to 2010 – the extent of falling sales is brought home by a comparison with pre-recession sales levels.
Government figures show that between January and June this year, 1.7billion fewer litres of petrol and diesel were sold compared to the first half of 2008. That equates to £1billion in lost revenue for the treasury.
Read more: Fuel sales plummet | News | Auto Express
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