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UKPIA Statistical Review 2012

 

PRESS RELEASE       

6 August 2012

UKPIA Statistical Review 2012 shows continuing flat demand for oil products and challenging conditions for oil refining

UKPIA, the trade association representing the main oil refining and marketing companies in the UK, today publishes its 2012 Statistical Review of the downstream oil industry.

Key indicators for 2011 vs 2010 include:

  • Overall UK oil demand was 69.2 million tonnes, 1.5% lower than in 2010
  • Petrol demand 13.9 million tonnes, down 7.6% 
  • Diesel demand 26 million tonnes, down 0.4%
  • UK refineries processed 74.7 million tonnes of crude oil, up 2% but capacity utilisation remained just under 80% which was below the global average (Source: DECC - DUKES data)
  • Duty collected on road fuels was £26.9 billion, down 1.5% despite increased duty rate
  • UK pre-tax pump prices remained the cheapest amongst major EU countries 
  • Petrol price averaged 133.7 pence per litre, up 14%
  • Diesel price averaged 139 pence per litre (Source: Wood Mackenzie)

 

UKPIA Director General Chris Hunt commented “2011 has been yet another challenging year for the downstream oil industry and the start of 2012 was overshadowed by the closure of Coryton refinery in Essex . UK refineries continue to be under enormous pressure through a combination of a tough commercial climate, reduced demand for oil products, structural imbalances in supply/demand and a challenging legislative background in the EU and the UK.” He continued:

“Working together with government to an agreed policy vision will be an essential feature of meeting the numerous challenges facing the sector, as well as addressing the wider energy issues facing the nation, particularly those relating to security of supply, growing dependence upon imported fuels and the resilience of our fuel supply system.”

Ends

Enquiries to: Nick Vandervell, UKPIA Tel. 020 7269 7604

 

Notes to editors:

 

  1. UKPIA represents nine oil refining and marketing companies that operate the 7 major oil refineries in the UK; the refineries processed 74.7 million tonnes of crude oil and produced 76.1 million tonnes of refined products in 2011 (Source: DECC- DUKES data). UKPIA members also own around 1,900 of the 8,700 filling stations in the UK.
  2. The 2012 Statistical Review is available in pdf format on UKPIA’s web site www.ukpia.com under “Publications” or in hard copy from UKPIA. The publication brings together in one document a wide range of statistics and facts on the downstream industry in the UK, covering areas such as refining, where we obtain our crude oil from, distribution and consumption of transport fuels, fuel price data, filling stations, safety, air quality and environmental impact.

 

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