Fuels Statistics 2024
3 SEPTEMBER 2024
Fuels Industry UK has today published the 2024 Fuels Statistics report, its annual analysis of the latest data from the fuel supply sector.
Building on the association’s previous publications, the report provides analysis for those working in the industry, policymakers and all who wish to gain a quantitative understanding of the UK downstream sector.
Some of the headline findings this year are:
- Fuel prices dropping by 10% and 11% for petrol and diesel respectively year on year, but remaining well above 10 year averages.
- Increases in supply of lower carbon fuels for transport (now over 2800 million litres), now also in aviation as well as road fuels (95 million litres).
- Evidence that the COVID-19 pandemic has permanently altered mobility patterns, with overall fuel consumption remaining down around 10% (since before 2020).
Elizabeth de Jong, Chief Executive Officer at Fuels Industry UK, said:
“As always, little stands still in the fuels sector and this year has been no different. The past year has seen fluctuating market dynamics, policy shifts, and evolving consumer behaviour.”
Notes to Editors:
- Fuels Industry UK represents eight oil refining and marketing companies that operate the six major oil refineries in the UK and source over 85% of the transport fuels used. Fuels Industry UK members also own around 1,250 of the UK's 8,000+ filling stations. Fuels Industry UK’s associate members are made up of a wide range of companies - from heating fuel supply and LNG imports, renewable and sustainable fuel producers, to terminals and pipelines - all providing a range of essential services across the industry.
- Fuels Statistics 2024 is the new name to the association’s annual Statistical Review. It is available on the Fuels Industry UK website or in hard copy on request from the Press Office.
- This year we have also released the raw data behind the Fuels Statistics report, this can be found here.
Contact:
Jamie Baker, Director of External Relations, 0207 269 7605