Fuel prices like to get on the nerves of motorists. According to the latest data from the Department of Energy, published last week but made public this Monday, they are clearly on a downward trend for three weeks after the summer surge. A liter of diesel, the most widely used fuel in France, reached 1.89 euros, down two cents on the previous figure. As for super SP95-E10, the drop was more significant (-4.7 cents) and amounted to 1.86 euros per liter.
To find such levels, we must go back to the last week of July for SP9-E10 and the week of September 4 to 10 for diesel. But motorists would be right if these cuts remained minimal. Especially those who drive diesel cars, since a liter of diesel still costs 23 cents more than at the beginning of July, when they had to pay just 1.66 euros. On the distributor’s side, one-time sales at cost in large brands (Carrefour, E.Leclerc) do not allow for a significant reduction in the bill.
The price of a barrel of crude oil, which is the benchmark index for subsequent determination of fuel prices, is trending downward. Last week it continued to decline to $91 (86.2 euros). A trend that rather indicates a continued decline in prices in the coming weeks. But this weekend’s dramatic events surrounding the war between Hamas and Israel could reshuffle the cards.
Will the solution to cutting bills at the pump involve adjusting the fuel tax? The more prices rise, the more taxes will fall. This is a very serious proposal formulated by the centre-left think tank Terra Nova, which advocates “elastic taxation”.
Source: Le Parisien
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