Petrol sales fall 20% as drivers feel the pinch
Petrol retailers have disclosed that fuel sales dropped sharply over the past few weeks and the latest figures appear to show that demand for petrol in Britain has slumped by as much as 20 per cent over the past 12 months.
According to the IEA, a part of the Organisation for Economic Co-operation and Development, motorists are instead choosing to take public transport as their cars become too expensive to run.
Speaking to The Daily Telegraph on Tuesday, Eduardo Lopez, the IEA's chief oil analyst, said: "British motorists are clearly driving less. "They are switching to public transport, which is much easier to do in Britain than in America, where people living in the suburbs often have to drive whether or not they want to."