Fuels: after a month of decline, prices at the pump are on the rise again

The beginning of a turnaround in the economy?

Fuel prices started to rise again last week, after a month of uninterrupted decline, according to the latest data from the Ministry of Ecological Transition, published on Monday.

In detail, diesel has seen its price increase by 3.6 cents in service stations in France, to be displayed at 1.70 euros per liter on average.

On the gasoline side, unleaded 95-E10 took 3.1 cents (1.52 euros per liter), while unleaded 95 increased by 2.6 cents (1.57 euros per liter) and 2.9 cents for unleaded 98 (1.62 euros per litre).

These are the first price increases at the pump since the end of August.

But they do not come to catch up with all the declines recorded since.

At the end of August, diesel cost 1.95 euros per liter, and gasoline between 1.74 and 1.84 euros.

A sustainable rise?

In early September, motorists had benefited from the entry into force of government rebates on the one hand (30 cents), and TotalEnergies on the other (20 cents).

The downward trend in prices at the pump - which began in June - was also explained by the lull in the oil markets.

Read alsoWill the drop in fuel prices last?

Does last week's rise herald a lasting increase in prices?

At the beginning of September, the UFC-Que Choisir warned of the drop in prices observed: “

In particular because, on November 1, the rebates from the State and TotalEnergies will be respectively divided by three (from 30 to 10 cents) and by two (from 20 to 10 cents), and will disappear on January 1.

In addition, it is also at the start of 2023 that the European embargo on Russian oil will come into force, in response to the invasion of Ukraine.

Enough to drive up the price of black gold.

And so the prices at the pump.