Fuels: last drop before the surge?

by time news

2023-10-09 18:29:58

Fuel prices like to play on the nerves of motorists. After the summer surge, they have clearly been trending downward for three weeks now according to the latest reading from the Ministry of Energy Transition carried out last week but unveiled this Monday. A liter of diesel, the most widely used fuel in France, reached 1.89 euros, down two cents compared to the previous reading. As for the super SP95-E10, the drop is more significant (-4.7 cents) to stand at 1.86 euros per liter.

To find such levels, we must return to the last week of July for SP9 -E10 and to the week of September 4 to 10 for diesel. But motorists would be right to find these reductions still minimal. Especially those driving diesel vehicles, since a liter of diesel is still 23 cents more expensive than at the beginning of July when they only had to pay 1.66 euros. On the distributor side, one-off sales at cost price in major brands (Carrefour, E.Leclerc) do not make it possible to reduce the bill significantly.

The price of a barrel of crude oil, a reference index for subsequently determining fuel prices, is trending downward. Last week, it continued its decline to 91 dollars (86.2 euros). A trend which rather argued in favor of continuing the price reduction in the weeks to come. But the dramatic events of this weekend with the war between Hamas and Israel could reshuffle the cards.

Would a solution to reduce the bill at the pump involve adjusting the fuel tax? The more prices increase, the more taxes would fall. This is the very serious proposal formulated by the center-left think tank Terra Nova which pleads for “elastic taxation”.

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