The record prices observed at the pump in October were exceeded at the beginning of January. At the end of the year, the government had granted a bonus of 100 euros to the poorest households to cope with rising energy costs.
According to a last score from the Minister for the Ecological Transition, a liter of diesel costs an average of 1.59 euros, unleaded 95-E10 1.66 euros and unleaded 98 1.75 euros. Rising amounts which weigh on the purchasing power of the French and which the inflation bonus of 100 euros has granted to 38 million individuals since December 2021 will not cover for long. Prices at the pump which are now reaching price levels higher than those recorded last October.
We were talking about records at the time and the prices displayed at the pump were as follows: unleaded 95-E10 now cost 1.63 euros per liter and diesel rose to 1.57 euros. The subject had become so strong that a majority of French people cited their price as a central element of the future presidential election.
An increase that can continue
In one year, unleaded 95 E10 has increased by 28.2 euro cents and diesel by 31 cents, finding itself above the levels reached at the time of the Yellow Vests crisis at the end of 2018. The price of oil jou: you are aware that there are a number of tensions in the world, the last one was in Kazakhstan. The price of oil rose above $80. And the price of gasoline and diesel is directly correlated to the price of oil, with the tax cushion that we have to pay, explained recently BFM TV Philippe Chalmin, economist specializing in raw materials.
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And the problem is just beginning according to the expert: What is clear is that we are not currently at the highest oil price levels we have ever known, continues Philippe Chalmin. 10 years ago, oil was worth between 100 and 120 dollars a barrel, today it is 82 dollars, so it could still increase.
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