Prices at the pump have not stopped rising in recent weeks, driven by geopolitical tensions and the still limited supply from major producing countries.
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A rising curve. The prices of road fuels sold in France continued to rise towards new records last week, in the wake of crude oil prices, according to data from the Ministry of Ecological Transition published on Monday February 14.
The liter of diesel reached 1.6995 euros on average, according to weekly figures from the ministry on Friday. This is still 1.41 cents more than the previous week. The liter of super SP95 was worth 1.7810 euros (+1.56 cents) and that of SP 95-E10, 1.8366 euros (+1.56 cents as well).
Prices at the pump have not stopped rising in recent weeks in the wake of oil prices, driven by geopolitical tensions and the still limited supply from major producing countries. The price of a barrel of Brent from the North Sea rose above 96 dollars on Monday – a peak not seen since 2014 – amid Western fears of a Russian invasion of Ukraine.
The rise in prices at the pump is sensitive for the government as the presidential election approaches. Accompanying measures have already been announced for households (increase in mileage allowance, inflation allowance, etc.), and some distributors grant discounts to their customers.
“We expect the price of oil to remain fairly high for a long time”declared the Minister Delegate for Transport, Jean-Baptiste Djebbari, on RMC. “What the experts have told us is that when we provide targeted aid for those who need it most, it is more effective and you spend less public money”he assured.