Fuels: €1.94 per litre of SP95-E10, €1.93 for diesel... Prices are at record highs

2023-09-18T15:34:37.061Z

Highlights: French motorists are paying a high price as prices at the pump have been rising since the beginning of the summer. The liter of SP95-E10 was displayed last week at 1.94 euros on average (+ 0.4 euros compared to the previous week), an increase of 15 cents since the start of July. At the time, a government rebate of 18 cents was applied. The issue of refinery margins, which have exploded since June, is also at the center of attention as Bercy considers renewing the tax on oil superprofits.

While distributors should soon be allowed to sell fuels "at a loss", prices continue to rise. U

In this new school year, motorists are paying a high price. Each tank is synonymous with suffering as prices at the pump have been rising since the beginning of the summer. According to the latest government survey published on Monday, September 18, the liter of SP95-E10 was displayed last week at 1.94 euros on average (+ 0.4 euros compared to the previous week), an increase of 15 cents since the beginning of July!

A level never reached in 2023. We have to go back to June of last year to find (and exceed) such a rate. At the time, a government rebate of 18 cents was applied.

For those who drive on diesel, a majority of motorists, the note is just as salty with the liter at 1.93 euros on average, a jump of... 5 cents in a week! Since the beginning of July, the price of this fuel has increased by 26 cents! You have to go back to the end of January to see it so high.

Cost-based operations

In other words, the subject is hot and agitates the upper echelons of government. The Prime Minister herself seized the subject this weekend by announcing, in an interview with Le Parisien-Aujourd'hui in France, that distributors would be allowed to sell fuels "at a loss" in order to limit these increases. "It will be effective I hope on December 1 since the text of the law (on commercial negotiations between producers and distributors) will be examined in the Assembly in early October," said Monday, September 18, the Minister of Economy Bruno Le Maire on France 2, adding that the measure would last "six months".

The issue of refinery margins, which have exploded since June, is also at the center of attention as Bercy considers renewing the tax on oil superprofits. On the other hand, there is no question - at least for the moment - of bringing up to date a government rebate - which had reached up to 30 cents per litre last autumn - and cost the State 8 billion euros.

" READ ALSO Fuels: no new boost from the State despite the rise in prices

In the meantime, distributors (Intermarché, Casino ...) are multiplying operations at cost price while TotalEnergies has already planned to extend the cap on tariffs to 1.99 euros in its stations, including next year "as long as prices remain high".

Source: leparis

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