PRICE OF PETROL. The price of gasoline has risen sharply at the start of 2023. How much is the increase in diesel and unleaded prices? Here is the latest data.
[Mis à jour le 10 janvier 2023 à 08h10] The effects on prices at the pump were not long in being felt. With the end of rebates on gasoline (reduction at TotalEnergies but also a boost from the government with a rebate of 30 cents until the fall then 10 cents until December 31, 2022), fuel prices, diesel like gasoline, are blazing again and prices are going up at the pump.
According to the latest statement from the Ministry of Ecological Transition unveiled on Monday January 9, 2023, the average liter of diesel was displayed in France at 1.8894 euros at the start of the week. This is 13.3 cents more than the previous week! So what about the liter of unleaded, the increase of which is even greater with a liter of unleaded 95 E10 at 1.8346 euros on average, or nearly 20 cents more than the previous Monday? As for unleaded 98, it is again close to 2 euros per liter (1.9510 euro on average).
Bad news, it could be even worse. A quick look at the crude oil market (with the brent index as a reference) reveals prices around 80 dollars, far from the 100 dollar threshold easily crossed in 2022. Clearly, if the price of crude oil takes off again in an uncertain international context, the note could quickly be even higher for French motorists. The only glimmer of hope, a new aid of 100 euros is put in place in 2023, but subject to income conditions. This aid will concern low-income households. According to the government, 10 million French people will be affected.
Monday, January 9, 2023, the average prices for liters of fuel noted and noted by the Ministry of Ecological Transition were 1.8894 for diesel. The liter of unleaded 95 E10 was displayed on average at 1.8346 euros. On Monday January 3, 2023, the average prices for liters of fuel noted and recorded by the Ministry for Ecological Transition were 1.6423 euros for a liter of unleaded 95 E10 and 1.7664 for a liter of diesel. The last peak was observed in mid-November during the reduction of government aid with an average price of 1.9059 for diesel and 1.7514 for unleaded 95 E10.
The reason for the price hike? The international context, especially with the sanctions taken against Russia following the start of the war in Ukraine. The European Union has opted for a gradual boycott of Russian oil, which leads to an increase in demand for oil from other regions, in particular the Arabian Peninsula, and ultimately in prices. Oil prices have steadily crossed the $100 per barrel mark since the beginning of March.
In addition to moderating your travels, practicing carpooling if you can, the best thing is still to compare the prices charged in the service stations around your home. Tedious? Not that much since many sites offer this service on the internet. You can also refer to the official government website, combustible.gouv.fr, which offers to find the prices that must be indicated to the State by the managers of service stations.
The Essence&Co app also offers this service via collaborative data provided by Internet users. You can find the search engine below. It is possible to compare fuel prices at service stations near you. Available on Android or iPhone, it offers daily fuel prices based on user feedback to indicate current prices.
The government websiteprice.fuel.gouv.fr” also offers you price statements by department and type of fuel (Be careful to clearly differentiate unleaded 95, 98 or E10). The price statements are updated on a weekly basis. What will help you find the cheapest gas stations through an interactive map listing the gas stations near you.
As you have noticed, there are sometimes sometimes substantial price differences depending on the service station: between distributor brands (supermarkets in particular) and oil group stations, the difference can sometimes seem significant. It is explained by various parameters including the brand image, but also the famous additives. You may know them by their trade name. Excellium fuel, for example in the Total network, contains many additives. Incorporated into the fuel, they are used to improve its quality and therefore its performance. Also intended to protect the engine or the tank, they also act on the higher prices, which occasionally gives rise to controversy over their usefulness. Marketing argument used to justify these prices or real benefit for the car, the debate is lively.
What is the share of taxes in the price of gasoline at the pump? According to Total, taxes represent “the most important part of the price of fuel”. In 2018, according to the company, the taxes collected by the State represented for example “63% of the price of Unleaded 95-E10 and 60% of that of diesel”. Gasoline tax is in fact divided into two different taxes: VAT, and the domestic consumption tax on energy products (TICPE). There is also the general tax on polluting activities (TGAP). The TICPE is also higher on gasoline than on diesel. Depending on gasoline prices, the TICPE represents nearly 70 cents on gasoline, 60 cents on the price of a liter of diesel.