Fuel Prices in France Hit Three-Year Low Amid Market Changes

Fuel prices in France have reached their lowest levels in over three years, according to data from the Ministry of Ecological Transition. As of late December, the price of a liter of super SP95-E10 stood at 1.5992 euros, while diesel, which accounts for about 65% of fuel sales, was priced at 1.5299 euros per liter, marking its lowest price point in four years apart from a dip in April. This decline is linked to the fall in global oil prices, with Brent crude trading around $60 per barrel, and a strengthened euro against the dollar. Francis Pousse, president of Mobilians, highlighted that increased production from OPEC+ and concerns over demand also contributed to this price drop. However, consumers should anticipate a price increase of 4 to 6 cents per liter starting early January due to changes in the energy saving certificates system. This policy requires energy providers to finance measures that reduce energy consumption, and the resulting cost adjustment is expected to become noticeable within the first fifteen days of January.