In a press release, the prefecture indicates a reduction of 6 cents for super unleaded as well as a reduction of 7 cents for diesel as of October 1. Something to delight motorists!
The press release:
Fuel prices in Reunion Island continue the decline that began last month and are experiencing a significant drop. The average oil price has reached a level most seen since 2022, the global supply being much greater than what had been envisaged, demand weakening after the summer period, and transactions being driven by a weakening of the dollar.
Thus, as of October 1, 2024, the maximum prices applicable to Reunion Island are as follows:
The monthly change observed is linked to the following factors:
- THE course which are down by 7,70 % for the lead-free et 9,59 % for the gazole. These drops impact the final prices up to -5 and -6 cents ;
- The parity evolves favorably for the Euro and settles at 1,0974 euro pour 1 dollar and contributes to 1 cent to price reductions ;
- Regarding gas, propane price a you butane experience a new increase (+4,39 % et +2,54 %). Without the aid which stabilize the price of bottle of gas at 15€the price would be 20,14 €.
As provided for by the regulations, the prefect sets monthly the maximum prices for the following petroleum products:
- Unleaded premium fuel
- Gazole
- Liquefied petroleum gas
These maximum prices (all taxes included) are calculated in two stages:
- First of all, the maximum prices excluding tax are established based on a calculation method mentioned in the regulations and objective data. They take into account the costs actually borne by companies and the return on capital or, where applicable, their commercial margin.
- Then the maximum prices all taxes included are determined by adding to the prices excluding tax the amount of the various applicable taxes, in particular local indirect taxation, the rates and tariffs of which are determined by the regional council and the revenues of which contribute to the financing of the region and of all municipalities. Unlike France, the State does not collect either VAT or internal consumption tax on energy products (TICPE) on fuels consumed in Reunion.
The observatory of prices, margins and revenues was informed of the project to revise maximum prices, prior to their application.
