EconomyFuel: prices are falling again

Fuel: prices are falling again

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Finally some good news at the gas stations. While they rose sharply in the week of Nov. 14, due in part to cuts in government and general rebates, prices at the pump started falling again last week.

A liter of diesel fuel, the best-selling fuel in France, cost 1.86 euros, 4 cents less than in seven days, according to official figures released on Monday 28 November. SP 95-E10 costs 1.72 euros (-4 cents). Tariffs very close to those observed at the end of August, before the establishment of state aid in the amount of 30 centimes.

Implications of the Economic and Health Situation in China

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This – beneficial – fall is due, in part, to the fall in oil prices. The price of Brent oil fell to $87.5 last week, a drop of $6.1! And it’s not over yet: A barrel of Brent oil from the North Sea traded around 9:50 am this Monday at $81.44. A level that has not been reached since the end of December 2021. Q: Investor concern in the face of rising Covid infections in China – more than 40,000 cases reported on Monday, a record – and the multiplication of protests in that country against the government’s “zero Covid” policy. Developments that could slow production in China, the world’s leading oil importer. Thus, gas station prices in France may continue to fall.

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Which (slightly) eased the portfolio of motorists, while the increase from the government was revised down in mid-November from 30 cents to 10 cents. On the same day, the price of TotalEnergies dropped from 20 cents to 10 cents. These two systems remain until the end of the year, after which they disappear in favor of more targeted assistance.

The exact timing is not yet known, but according to Prime Minister Elizabeth Bourne, this new increase will be especially useful for those “who make a long journey to work.” Half of the households should be able to take advantage of this.

Source: Le Parisien

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John
John
I am John Casanova. I am an author at 24 news recorder and mostly cover economy news. I have a great interest in the stock market and have been writing about it for many years. I am also interested in real estate and have written several articles on the subject. I am a very experienced investor and have a lot of knowledge to share with others.

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