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Due to current geopolitical tensions, the price of oil is soaring. It reached, Monday, February 21, 84 euros for a barrel. We have to go back to the end of the summer of 2014 to find such a level.
The price of a liter of fuel continues to climb. The liter of SP 95 costs on average 1.76 euro on Monday February 21, when that of diesel is at 1.70 euro. An increase due to the surge in the price of oil on the market, located at 84 euros per barrel.
In France, the cost of a liter of gasoline is partly made up of the cost of the raw material. The taxes correspond to more than half of the price per litre. But, according to expert Céline Antonin, reducing gasoline taxation would be too expensive for the state. The Ministry of the Economy also does not want to touch taxes. It also seems difficult to increase oil production to bring down prices, because the producing countries are already almost at their maximum capacity. Finally, the price of oil is boosted by geopolitical tensions with Russia, one of the largest producers.