Fuels: faced with soaring prices, distributors are making a move

by time news

2023-09-12 13:21:26

The meeting between fuel distributors and the Minister of Energy Transition was scheduled for early this Tuesday morning. But the first did not wait to meet Agnès Pannier-Runacher to announce efforts in the face of soaring fuel prices – the liter of SP95-E10 stood at 1.94 euros last week, that diesel at 1.88 euros -, in particular due to the limitation of production by OPEC, the euro-dollar parity…

Thus, as requested by the Minister of the Economy Bruno Le Maire, TotalEnergies will maintain the cap on the price of diesel and gasoline at 1.99 euros per liter beyond December 31, 2023 “as long as prices remain high,” explains the French giant. A strong gesture since in nearly 2,600 of the 3,400 TotalEnergies service stations, the price of at least one fuel is capped.

A saving… of one euro per tank

The large supermarkets which already display the lowest prices have, for the most part, engaged in fuel operations at cost price. Since September 1 and until August 22, the Casino group has been offering it on Friday, Saturday and Sunday in its Casino #hyperFrais and Géant Casino stores. At Intermarché, it will be one weekend per month until the end of the year: September 29 and 30, October 27 and 28, November 24 and 25 and December 15 and 16. Leclerc, for his part, is coming out of a summer with 9 weekends of fuel at cost and has not yet communicated on a possible extension of this offer.

“For a supermarket, fuel is a loss leader so the margins we generate are minimal, around 2 to 3 cents per liter,” notes a spokesperson for Système U. So when we make a operation at cost price, for a full tank of 50 liters, the saving is only a little more than one euro. We will soon communicate about such operations, which will certainly take place on weekends, because we must participate in the collective effort and give signs. But whether it is us or our competitors, we do not have the solution to contain the price of fuel. »

For its part, the government has ruled out any general government rebate which would be a “triple aberration: ecological, budgetary and diplomatic”, recently recalled the Minister of the Economy Bruno Le Maire. Such a measure cost the State 8 billion euros in 2022.

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