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French February Diesel, Gasoline Consumption Decline, UFIP Says

March 14 (Bloomberg) -- Diesel consumption in France dropped 2.7 percent last month from a year earlier, continuing the downward trend seen in 2012, according to the Union Francaise des Industries Petrolieres, an industry group.

Gasoline demand dropped 8.7 percent in the same period, the Paris-based group known as UFIP, said today on its website.

France’s fuel consumption in the first two months of the year dropped 3.5 percent from a year earlier, Jean-Louis Schilansky, UFIP president, said in the statement.

Diesel prices at the pump in France averaged 1.40 euros ($1.81) a liter in February, compared with last year’s peak of 1.46 euros at the end of August, according to European Commission data.

To contact the reporter on this story: Konstantin Rozhnov in London at krozhnov@bloomberg.net

To contact the editor responsible for this story: Raj Rajendran at rrajendran4@bloomberg.net

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