Fuels: prices at the pump soar after the reduction in rebates


Fuels: prices at the pump soar after the reduction in rebates
Written by madishthestylebar

In one week the liter of diesel saw its bill jump by ten cents, and that of gasoline by thirteen cents, according to official data.

Expected, the dynamic is no less impressive. Introduced several months ago, the rebates per liter granted by the State on the one hand and by TotalEnergies on the other hand were considerably reduced last week. The first went from 30 to 10 cents, and the second from 20 to 10 cents. Enough to boost prices at the pump, considerably increasing the fuel bill for motorists.

According to data from the Ministry of Energy Transition published today, last Friday a liter of diesel cost an average of 1.9059 euros, an increase of 10.4 cents compared to the previous week. The increase is even more spectacular for gasoline: the liter of SP95-E10 was displayed at 1.7514 euro, that of SP95 at 1.7828 euro and that of SP98 at 1.8407 euro. Or 13.4 cents more in seven days.

Strong disparities remain, even within the territories: in Ain, for example, a liter of diesel can range between 1.75 euros and 2.16 euros, according to the authorities. In the Yvelines, the difference for gasoline can reach 40 cents. TotalEnergies stations are often less expensive, the group granting a discount of ten centimes which is added to that of the State.

These different products have therefore been at their highest for a month, however they remain below their historical record, reached in mid-March: at the time, a liter of diesel and that of SP95-E10 cost more than 2.1 euros. The fact remains that the prices noted at the end of last week still included the 20 cents discount granted by TotalEnergies and the government until 31 December next: the real price should therefore be even higher, easily exceeding the two euro per liter mark and touching their record.

SEE ALSO – “For some it’s vital”: the drop in fuel discounts worries

Towards a targeted indemnity at the start of 2023

For the time being, the drop in discounts of thirty cents has not translated into an equal rise in prices at the pump. Households are benefiting in particular from the decline in market prices. The value of a barrel of Brent thus fell by 5% in one week, falling back below the 90 dollar mark for the first time since the beginning of October. A dynamic generated by a drop in demand, while China remains entangled in its fight against the Covid. It is difficult to say whether the decline will take hold over time, a few weeks before the entry into force of the European embargo affecting imports of Russian oil and petroleum products.

Foresighted consumers tried to take advantage of rebates until the last minute. Last week, the announced lowering of rebates had caused a rush towards the stations, aggravating their supply difficulties. “Are you out of diesel? It was however marked on the government app that you had some!“, thus annoyed a customer in a station of Gennevilliers, in the Hauts-de-Seine, as Le Figaro related it.

For its part, the government ensures that the lowering of the rebate was inevitable, for ecological reasons – the high price of fuels encouraging consumers to use their vehicles less – and financial – the State budget is already burdened by measures taken against inflation. A “worker fuel allowanceshould bring fresh air to drivers within a few months:half of householdswill benefit from it, promised Elisabeth Borne, adding that it would be paid regardless of the evolution of prices. “One could wonder if oil prices collapsed, but it is still unlikely!“, acknowledged the Prime Minister. In the meantime, consumers will have to turn their backs.

SEE ALSO – Fuel: “We will continue to help the French”, declares Gabriel Attal


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