Slump at the pumps as cars stay on the drive

Petrol sales at filling stations are still almost 40 per cent below their pre-lockdown levels despite a gradual easing of the Lockdown, according to official figures.

The Department for Business, Energy and Industrial Strategy’s report shows that road fuel sales are starting to climb though, with a 7.5 per cent rise in the week ending May 31 compared to the previous week.

In the eight weeks to March 23 – the day the lockdown began – average daily road fuel sales were 17,690 litres per filling station. By contrast, in the following ten weeks sales fell to 7,900 litres, a 45 per drop.

April saw the sharpest fall in fuel consumption though, when motorists spent 63 per cent less on fuel than they did in February. The lowest average daily figure – 2,500 litres – was recorded on April 12, at the peak of the pandemic.  A month earlier to the day, filling stations sold on average 19,500 litres.

The report used petrol and diesel sales figures from 4,500 filling stations, which make up over half of petrol stations in Great Britain. The study covered the period from February 1 to May 31.

households are likely to have saved an average of £112 on fuel during Lockdown, although people with longer commutes may well have saved as much as £500

Responding to the new data, Greg Wilson, founder of Quotezone.co.uk, the car insurance comparison site, says:

“The Lockdown has caused financial difficulties for a lot of people in the UK, but one area where many have been able to save a bit of cash is their transport costs.

SME Publications/ SME XPO 2024

“This new research reveals that the average amount motorists spent on fuel in April was 63 per cent lower than in February, and an average of 45% less during the course of the Lockdown.

“With a typical British household spending an average of £25 on fuel during a normal week, that means households are likely to have saved an average of £112 on fuel during Lockdown, although people with longer commutes may well have saved as much as £400 or £500.

“Of course, fuel isn’t the only expense drivers have been able to save a bit of cash on during the pandemic. Some motorists have also applied for a Statutory Off-Road Notice (SORN), which means they will have saved money on their car insurance and road tax as well.

“And it’s also worth mentioning that some car insurance companies are willing to reduce motorists’ premiums to reflect the lower mileage they’ve been doing whilst working from home, so it’s worth speaking to your insurance provider about that if you haven’t done so already.”

SME Publications/ SME XPO 2024