ROAD FUEL SALES SHOW REAL UPLIFT

Published 21/04/2016 00:00:00 in Press Releases

“Latest Government data suggests that increased economic activity and cheaper prices had a significant impact on the demand for fuel in the month to 14 March”, said Brian Madderson, Chairman of the Petrol Retailers Association.

March diesel sales were up by 7.9%, petrol sales up by a surprising 5.6% and overall sales including commercial up by 7.0% versus same month last year.

Madderson continued, “However, much of this increase will have been taken by the big four supermarkets that have been using fuel prices in the increasingly bitter competition for shoppers at their beleaguered out of town mammoth stores.”

These strong sales trends would also reflect an extra trading day of the Leap Year and the relatively weak petrol sales in the same March period last year.

In summary, diesel sales growth for 2016 YTD remains ahead of FY2015 comparisons (5.8% vs 3.2%) with petrol sales decline also favourable YTD at (0.7%) vs FY2015 decline of (2.0%).

For sales to the HMRC year from April 2015 to March 2016 versus same period one year ago the Oil Receipts (duty) from petrol & diesel sales were £466m or 1.7% higher, with diesel sales up by 3.8%, petrol sales down by (1.5%) and overall sales including commercial up by 1.7% .

With these positive tax increases to the Treasury, Madderson said that, ”it was helpful the Chancellor listened to the submissions from industry including PRA and froze duty in the Spring Budget for a further 12 months.”

 

ENDS

NOTES TO EDITORS:

Rupal Rawal, Press Officer
Tel: 020 7307 3412
Mob: 07528 977 157
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk  Email: rupal.rawal@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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