TODAY’S – $51 billion spent on road transit fuel in 5 years

$51 billion spent on road transit fuel in 5 yearsFrom the beginning of 2009 until the end of 2013, just less than 75 million tons of gasoline were consumed, costing $51 billion, according to official figures.The number of cars hitting the road as the amount of gas consumed rose significantly between 2009 and 2013.

The number of traffic-registered vehicles increased 25 percent during that period while the amount of gasoline consumed shot up by 56 percent.The amount of fuel used in sea, air and rail transit also accelerated between 2009 and 2013, increasing by 44 percent during that period and totaling 21 million tons.

Leading Dutch manufacturer of navigation systems TomTom revealed earlier this year that Turkeyand#39s largest city, Istanbul, comes in second among Europeand#39s worst cities in terms of traffic congestion. According to the data in the index, which has been released every year since 2007, Moscow hit the top of the list with a traffic congestion rate of 74 percent, followed by Istanbul with 62 percent, ranked among more than 160 cities on five continents.

Although automotive sales have been on the rise in recent years, the combined sales of passenger cars and light commercial vehicles were down 16.18 percent to 540,071 vehicles in the first 10 months of the year amid an economic slowdown that has been accompanied by government tax hikes and measures to minimize consumer loans, the Automotive Distributors Association (ODD) said last month.

According to the statement, car sales decreased by 16.17 percent — to 417,582 — year-on-year during the January-October period.

The figure was 499,339 in the same period in 2013. The volume of light commercial vehicle sales dropped by 15.

54 percent to 122,489 vehicles in the first 10 months of this year compared to the same period in 2013.Turkey has some of the worldand#39s highest gasoline prices and it imposes high taxes on automobile purchases.

SOURCE: Today’s Zaman