Since January 1, the pump discounts applied by the State and TotalEnergies have ended. Consumers should therefore expect a significant increase in fuel prices at service stations. Challenges found that the prices are similar to those before the end of the rebates, representing an increase of around 11 cents for diesel and 13 cents for Superethanol E85.
State and TotalEnergies rebates are over
Since April 1, the State and TotalEnergies have been offering discounts at the pump of 30 and 20 cents each. These rebates were reduced to 10 cents each before stopping completely on January 1, 2021. This means that fuel prices now go up by 20 cents at TotalEnergies stations and 10 cents at all others.
However, consumers are also facing prices similar to those before the rebates ended. The prices of diesel and Superethanol E85 would have increased by around 11 and 13 cents compared to December 30, according to Challenges.
Price increases with uncertain consequences
The increase in fuel prices is bad news for French motorists, but also for the economy as a whole. Consumers will surely face higher tariffs and additional financial hardship.
Moreover, the consequences of this price increase on the economy as a whole are difficult to predict. It is possible that this will have a negative effect on household consumption and investment, which could have a recessive effect on the economy. It is therefore important to closely monitor consumer behavior and the impact of this increase on the economy as a whole.
The end of pump rebates is just one of many price hikes
Unfortunately, French consumers have had to deal with significant price increases in recent years. Tax, VAT and energy increases have all resulted in additional costs for households. The end of rebates at the pump is therefore another piece of bad news for consumers.
Consumers must therefore be attentive to the evolution of fuel prices and their consequences on their budget and their consumption. The end of pump rebates can be another factor to consider when choosing fuels.
Conclusion
The end of rebates at the pump applied by the State and TotalEnergies has led to a rise in fuel prices at service stations. Consumers should therefore expect higher prices at the pump and some financial discomfort. It is important to carefully monitor price developments and pay attention to your budget.
source: https://actu.orange.fr/france/carburants-les-prix-augmentent-apres-la-fin-de-la-remise-a-la-pompe-magic-CNT000001WCluT.html