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Fuel prices continue to rise and approach their level of early April

2022-05-02T14:42:52.665Z


The liter of diesel has not fallen below the 1.80 euro mark since the end of February. Uncertainty keeps prices high.


A month after the fuel discount came into effect, the bill continues to rise.

Last week, according to data from the Ministry of Ecological Transition, prices continued to rise, for the second week in a row.

What increase a little more the weight of a full for households.

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In detail, a liter of diesel cost, on average, 1.8815 euros, up just under a penny over seven days.

The increase is slightly more significant for gasoline: the SP95 was displayed at 1.8023 euros - 1.2 cents more than last week -, the SP95-E10 at 1.7623 euros - 1.5 cents more - and the SP98 at 1.8585 euro - 1.4 cents more.

For the time being, prices remain well below their level observed before the entry into force of the discount of fifteen to eighteen centimes per liter granted by the government.

But diesel increased by seven cents in two weeks, and SP95 by nearly two cents over the same period.

The various fuels thus almost returned to their level of early April, erasing the declines observed in the first half of the month.

Growing rumors of a European embargo on Russian oil

Unpredictable, the international situation continues to worry the markets, which react according to the announcements of the various players, whether it is Russia, the European Union, oil-producing countries or China, entangled in his fight against Covid-19.

At nearly 110 dollars on Monday, the barrel of Brent - the raw material - has remained at a high level for several weeks.

It has not fallen permanently below the 100 dollar mark since the first days of the Russian invasion of Ukraine at the end of February.

In recent days, growing rumors of an upcoming European embargo on imports of Russian oil and petroleum products have also pushed up market prices.

Crude prices started to rise again at the end of last week, fueled by statements by German Vice-Chancellor Robert Habeck that Germany will not oppose a European Union embargo on Russian oil

,” noted IFPEN on Monday.

And this, while the Twenty-Seven represent some “

60% of oil exports

” from Russia.

While no sign of calm is emerging from the Russian-Ukrainian front, several players expect pump prices to remain at high levels in the months to come.

This is the case of the government, which wishes to offer new aid “

more significant and more targeted

”, according to Bruno Le Maire, after the extinction of the discount, in July.

Similarly, the tricolor giant TotalEnergies announced at the end of last week that it wanted to provide additional help to motorists during the summer holidays.

In the meantime, its discount of ten additional cents per liter in all stations in the metropolis will end by mid-May.

Source: lefigaro

All news articles on 2022-05-02

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