Demand for oil products fell by almost a quarter last year
Demand for oil products fell by almost a quarter (23.4%) last year .
The UKPIA Statistical Review contains information government departments, UKPIA members, and a range of other sources. The report revealed that in 2020, demand for oil products fell by 23.4%. HMRC receipts from road fuel taxation fell by 20.8% from £37.3bn in 2019 to £29.5bn in 2020; andmore than 36,000 public EV charging connectors were available in the UK in 2020, an increase of 24% compared to 2019.
In the UK, the number of diesel-only cars decreased by 3% compared with a 0.7% decrease in the number of petrol-only cars. However, petrol- and diesel-only cars continue to dominate, making up 97% of the car parc.
The number of vehicles per forecourt decreased by 0.2% in 2020.
The Statistical Review clearly shows the impact of Covid-19 interventions in restricting people’s mobility resulted in a significant reduction of demand for downstream products.