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Fuels: prices at the pump drop

2020-07-07T18:22:47.630Z

This is the first drop in prices at the pump after six weeks of recovery in the wake of oil prices.After several weeks of recovery, the prices of road fuels sold at service stations in France eroded last week, according to official figures published Monday. Diesel, the best-selling fuel, was worth 1.2278 euros per liter, a slight decrease of 0.25 cents compared to the previous week, according to data from the Ministry of Ecological and Inclusive Transition. Read also: Nigeria removes costly fu...



After several weeks of recovery, the prices of road fuels sold at service stations in France eroded last week, according to official figures published Monday. Diesel, the best-selling fuel, was worth 1.2278 euros per liter, a slight decrease of 0.25 cents compared to the previous week, according to data from the Ministry of Ecological and Inclusive Transition.

Read also: Nigeria removes costly fuel subsidies

It was its first decline after six weeks of recovery in the wake of oil prices, which plunged with the Covid-19 pandemic and then recovered. The unleaded 95 premium gasoline, for its part, sold for 1.3298 euros, down more sharply by 0.91 cents. As for the SP95-E10, which contains up to 10% ethanol, it dropped 0.38 cents, to 1.3189 euros. Finally, the SP98 was sold for 1.3913 euros, or 0.47 cents less.

Prices of fuel 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.

Source: lefigaro

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