As expected, the dynamics are no less impressive. Discounts per liter, introduced a few months ago by the state on the one hand, and TotalEnergies on the other, were significantly reduced last week. The first became 10 cents from 30, and the second became 10 cents from 20. Enough to raise prices at the pump, significantly raising the fuel bill for motorists.
According to the data published today by the Ministry of Energy Transition, a liter of diesel cost an average of 1.9059 euros last Friday, an increase of 10.4 cents compared to the previous week. The price increase for gasoline is more impressive. The SP95-E10 liter was shown at €1.7514, the SP95 at €1.7828 and the SP98 at €1.8407. Or 13.4 cents more in seven days.
Severe inequalities persist even within territories. In Ain, for example, a liter of diesel can range from €1.75 to €2.16, according to the authorities. The difference in gasoline in Yvelines can reach 40 cents. TotalEnergies stations are often cheaper, with the group providing a ten centimeter discount that is added to the state discount.
Therefore, these various commodities are at their highest level in a month, but they remain below their all-time record reached in mid-March; then a liter of diesel fuel and SP95-E10 costs more than 2.1 euros. The fact remains that the prices quoted at the end of last week still included the 20 cent rebate provided by TotalEnergies and the government until December 31 next; post
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So far, the decline in thirty-cent discounts has not translated into an equal increase in prices at the pump. Households especially benefit from falling market prices. The price of a barrel of Brent thus fell by 5% in a week, falling below the $90 mark for the first time since the beginning of October. A dynamic driven by falling demand, while China remains embroiled in the fight against Covid. It is hard to say whether the decline will be sustained over time, with a European embargo affecting imports of Russian oil and petroleum products coming into effect in the weeks to come.
Far-sighted consumers tried to take advantage of discounts until the last minute. The reduction in discounts announced last week caused a rush to the stations, exacerbating their supply difficulties. “Have you run out of diesel? However, the government application stated that you had some.“, thus angering a customer at the Gennevilliers station in Hauts-de-Seine because Le Figaro related to it.
The government, for its part, guarantees that the reduction of the discount was inevitable for environmental reasons, with the high price of fuel encouraging consumers to use their cars less, and financially, the state budget is already burdened by anti-inflation measures. A”employee fuel allowancedrivers should be brought to fresh air within a few months.half of householdswill benefit from it, promised Elizabeth Born, adding that it will be paid regardless of the evolution of prices. “We could wonder if oil prices collapsed, but that’s still unlikely.“, the prime minister admitted. In the meantime, consumers will have to turn away.
Source: Le Figaro
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