Car petrol sales went down by 3.5% in April, the steepest drop since 2023, with inflation still on the rise, according to EU data
European drivers have slashed fuel consumption as the Iran war and oil price hikes are forcing belt-tightening at the pump, according to Eurostat data and the Financial Times.
Fuel sales in the Eurozone fell 3.5% by volume year-on-year in April, with the drop being the steepest since October 2023, a Eurostat report released over the weekend shows. According to the Financial Times, six European economies recorded double-digit declines in fuel sales, among them Germany, Norway, and Austria.
As of early June, the EU average petrol price stands at €1.8 per liter ($2.1), as compared to around €1.5 per liter before the start of the Iran war in late February. Twelve EU countries saw diesel prices rise by more than a third in April against a year earlier, with an average increase of 33.7% across the bloc.
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