The French who, at the time, had followed the government instructions to drive on diesel, are the great victims in this story. Already, it is more expensive than unleaded 95 or 98, and the gap could widen considerably if nothing is done.
Europe has decided to cap the price of oil sold by Russia to Western countries at $60 a barrel. But this does not concern the case of Russian petroleum products from which diesel is made in France. This “oversight” could be rectified in February, in principle.
Even if, gradually, Saudi Arabia takes over for supplies from France, the concern of a soaring price of diesel at the pump is great, if we are to believe the professionals.