While the price of fuel is stable, is a reduction planned for this summer? We take stock in our article below!
The price of fuel continues to yo-yo, although with a certain upward trend, and has been doing so for a while now.
Towards a reduction in fuel prices?
But now, after several weeks of continuous increases, fuel prices have finally started a notable decline since April 12. Currently, the average price of unleaded 95 stands at 1.84 euros per liter, while that of diesel has fallen to 1.70 euros per liter, a level never reached for this fuel in ten months. price at the pump can be explained by several diverse and varied factors. First of all, despite the tense geopolitical context in the Middle East, the supply of fuel has not been disrupted. Oil distribution continued to operate normally, ensuring sufficient supply to meet demand Another major influencing factor. price drop is the slowdown in global economic growth. Less dynamic economic activity automatically leads to a reduction in demand for energy, including oil. Thus, in a few weeks, the price of a barrel of crude oil rose from 92 dollars to 81 dollars.
Fuel a little cheaper this summer?
But then, should we expect strong drops for this summer ? And be careful, because it is important to remain cautious about the future evolution of prices at the pump. As Anne-Sophie Alsif, chief economist at BDO France, explains, fuel distributors may not fully pass on the drop in international oil prices. She explains that “because distributors suffered a sharp increase in prices after the Ukrainian crisis, they could rebuild their margins this year and next year. So a drop in prices, but not necessarily proportional to what we can see on the international market.” This situation can be explained by the fact that, during the surge in prices caused by the crisis in Ukraine, distributors’ margins have been severely compressed Now that oil prices are falling, they could choose to replenish these, instead of reducing prices for motorists.
In addition, like every year, consumers should expect a slight increase in prices at the pump at the end of June.
