FORECOURT sales of petrol plunged to a record low last month after the coldest March in 50 years caused drivers to stay away, while higher prices also hit demand.
UK drivers bought 1.37bn litres of petrol in March, down from 1.43bn litres in February and the lowest since records began in 1990, according to AA research of new HM Revenue and Customs figures.
AA public affairs spokesman Luke Bordet said: “You have a combination of the fact that March was the coldest in 50 years and plus we were at the top of a third surge in petrol prices in the past twelve months.”
Britain’s big four supermarkets have launched a fresh rounds of price cuts at their forecourts over the past month because of the recent drop in wholesale prices.
“Falling prices are good news, but they’re not cause for celebration,” Edmund King, AA president said.
“Even if the average price of petrol falls to 134p a litre, that is still 2p a litre or £1 a tank higher than the start of the year. This time only three years ago, the pump price of petrol averaged 121p a litre and diesel 122p.”