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Fuel sales in Luxembourg see slight decline
Economics

Fuel sales in Luxembourg see slight decline

12.06.2013 From our online archive
While petrol sales remain a substantial source of income for the Luxembourg state, creating tax revenue of 1.17 billion euros per year, sales declined last year.

(CS) While petrol sales remain a substantial source of income for the Luxembourg state, creating tax revenue of 1.17 billion euros per year, sales declined last year.

Petrol sales saw a 3.8 percent decrease last year. While diesel sales increased overall by 0.5 percent, the “Groupement pétrolier” said on Wednesday that it was worried by a steep decline (-10 percent) in diesel sales between the end of the 2012 and the beginning of this year.

On the whole, sales remained 1.5 percent below the record sales levels of 2005. There was also a decline in sales of other products at the country's petrol station shops.

The reasons for the decline in sales are diverse, according to the group. Among them are a slump in the transport sector, the long winter keeping people off the roads, and the issue surrounding Winter diesel.

The sector employs 2,500 people in Luxembourg and contributes roughly 1.17 billion euros in tax earnings to the state income every year.

Efforts in the EU to harmonise the excise taxes on fuel meanwhile preoccupy the group, as this move could significantly affect the planning of investments.