Friday, September 30, 2022

Fuel Prices: How Long Will Prices Stay Low?

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Lowest fuel price. For several weeks the station has been under attack and sometimes out of stock. And, with good reason, according to the Ministry of Ecosystem Transition’s weekly figures: TF1 NewsUnleaded 95E10 is €1.49 per liter and diesel fuel is €1.69 per liter. And to find such low prices in France, you have to go back over a year, or more precisely, to June 2021.

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Also read:
Total Fuel Shortage: Why Are So Many Stations (Still) Closed?

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These prices should remain stable through the end of the year, especially thanks to the government rebate of 30 centimes per liter. However, this discount, which favors the purchasing power of households, is raised to 10 centimes per liter from 1 November he until 31 December. Combined rebate with TotalEnergies rebate offering an extra 20 cents per liter at the station. The group increases this discount to 10 cents from November 1st to December 31st.

Total CEO warning

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But TotalEnergies CEO Patrick Pouyanne cautioned during a congressional hearing this week: Voluntary continuation or not?” The future of this aid is therefore closely linked to the taxation of group ‘super profits’.

Source: Ladepeche

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