The Limited Times

Now you can see non-English news...

Fuel prices continue their slow recovery

2020-06-09T06:41:40.625Z


The prices of road fuels sold at service stations in France continued their slow recovery last week, according to official figures published on Monday, while demand gradually normalizes with deconfinement. Read also: Oil: Saudi Arabia ends the production limitation agreement Diesel, the best-selling fuel, was worth 1.1910 euros per liter, up 0.56 cents from the previous week, according to data f...


The prices of road fuels sold at service stations in France continued their slow recovery last week, according to official figures published on Monday, while demand gradually normalizes with deconfinement.

Read also: Oil: Saudi Arabia ends the production limitation agreement

Diesel, the best-selling fuel, was worth 1.1910 euros per liter, up 0.56 cents from the previous week, according to data from the Ministry of Ecological and Inclusive Transition. For its part, unleaded 95 gasoline sold for 1.2886 euros, up 0.59 cents. As for the SP95-E10, which contains up to 10% ethanol, it gained 0.48 cents, to 1.2714 euros. Finally, the SP98 was sold for 1.3441 euros, or 0.45 cents more.

Fuel prices at the pump vary according to several parameters such as the price of a barrel of oil, the euro-dollar exchange rate, the level of stocks of petroleum products and demand, as well as taxes.

Oil prices had collapsed with the Covid-19 pandemic, which reduced demand with the slowdown in economic activity, particularly in transport. Fuel prices had dropped in their wake before recovering recently. The oil markets have indeed recovered in a more optimistic climate, buoyed by the fall in supply and hopes for an economic recovery.

Read also: Russia: serious fuel pollution in the Arctic

In France, the demand for fuels is now also " -20% to 25% compared to normal ", told AFP the French Union of Petroleum Industries (Ufip). The situation therefore seems to be gradually returning to normal: in April, during containment, deliveries of super unleaded dropped by 70.2% and those of diesel by 61.5%.

Source: lefigaro

All business articles on 2020-06-09

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.