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Fuel card news: UK filling stations 'in decline'

29 July, 10
Many of Britain's smaller filling stations are being forced to shut up shop due to increased competition from larger rivals and reduced profit margins on fuel, new research has suggested.

A study carried out by the Energy Institute found that the number of garages in the UK fell by 250 between 2008 and this year, with 179 independent petrol stations going to the wall in the immediate aftermath of the economic slump.

Experian Credit's Arthur Renshaw told the Daily Telegraph: "Buying petrol is no longer a distress purchase; it is something you plan. You know how much you want to pay to fill up - and you know where you're going to buy it."

However, he added that motorists could emerge as the unexpected winners from the industry's troubles, with smaller filling stations forced to "up their game" and provide a wider range of services.

Prices on British forecourts have escalated rapidly this year, with a litre of diesel costing an average of 119.3p, according to Petrolprices.com.

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Posted by Steve ClarkeADNFCR-2675-ID-800007815-ADNFCR

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Fuel card news: UK filling stations 'in decline'