prices keep falling

On Friday, according to official data, the price of a liter of diesel had fallen by an average of seven cents and that of SP95 by four cents.

New drop in fuel prices. After a first autumn early Aprilbringing the liter back below the very symbolic bar of two euros, the bill was again eased last week: according to data from the Ministry of Ecological Transition, Friday, April 8, the liter of diesel cost an average of 1,8205 euros, seven cents lower over a week.

The decline also continues for petrol: a liter of SP95 cost an average of 1.7928 euros, that of SP95-E10 1.7418 euros and that of SP98 1.8462 euros – in all three cases four cents less than seven days earlier. These various fuels returned to pre-war levels in Ukraine in mid-February. The price of a liter of diesel has fallen by 14% in two weeks, but remains at the level of early March. Same observation for LPG (0.7981 euros) and E85 (0.7605 euros), which also saw their price fall in two weeks.

Despite this second consecutive week of decline, prices remain above their level at the start of the year, around 18.2% for diesel and 10% for SP95.

An expected decline

The current decline was expected: as of April 1, the discount of fifteen to eighteen cents per liter will ease the consumer’s wallet. In addition, commodity prices have fallen significantly since the end of March: while the barrel of Brent crossed USD 120 on March 23, gradually decreased, which fell below $100 late last week. †This orientation is the result of several factors, including the downward turn of the financial markets, the increased use of equities proposed by the member states of the IEA and finally the absence of European sanctions on oil at the moment.analyzes IFPEN in a note, This Monday. The slump in demand caused by the lockdown in China may also have impacted the price.

So far, Europeans have not decided on a possible embargo on Russian oil, which represents about 26% of the crude oil imported by the twenty-seven. But Brussels warned that this track was not ruled out, despite the disagreements between member states: the European executive is working”is currently working on additional proposals for possible sanctions, including on oil importsThe Commission said in a press release on Friday.

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