The French who went to the pump in recent days had a bad surprise. The prices of road fuels sold in service stations in France ended up going up sharply last week after weeks of falling, according to official figures published on Monday.
The price of diesel, the best-selling fuel, was worth 1.1768 euros per liter, up 1.90 cents from the previous week, according to data from the Ministry of Ecological and Inclusive Transition. It had previously fallen for twelve consecutive weeks, in the wake of oil prices which collapsed with the health crisis. For its part, unleaded petrol 95 sold for 1.2684 euros, up 2.42 cents. As for the SP95-E10, which contains up to 10% ethanol, it gained 2.59 cents, at 1.2486 euro. Finally, the SP98 was sold 1.3224 euro, or 2.23 cents more.
Oil prices at last month’s lowest
Fuel prices at the pump vary according to several parameters such as the price of a barrel of oil, the euro-dollar exchange rate, the level of stocks of petroleum products and demand, as well as taxes. Oil prices collapsed with the Covid-19 pandemic, which reduced demand with the slowdown in economic activity, especially in transportation. Recently, however, they have recovered somewhat in a more optimistic climate, buoyed by the actual drop in supply and hopes for a recovery in demand for black gold.