On Friday, on average, the price of a liter of diesel had fallen by seven cents and that of SP95 by four cents, according to official data.
New drop in fuel prices. After an initial fall in early April, bringing the liter below the highly symbolic two-euro mark, the bill was again reduced last week: according to data from the Ministry of Ecological Transition, Friday April 8, a liter of diesel cost on average 1.8205 euro, down seven cents over a week.
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The drop is also continuing for petrol: a liter of SP95 cost, on average, 1.7928 euros, that of SP95-E10 1.7418 euros and that of SP98 1.8462 euros – four cents less compared to seven days earlier, in all three cases. These different fuels have returned to their pre-war level in Ukraine, observed in mid-February. In two weeks, the price of a liter of diesel has collapsed by 14%, but it remains at its level of early March. Same observation for LPG (0.7981 euro) and E85 (0.7605 euro), which also saw their price drop in two weeks.
Despite this second consecutive week of decline, prices remain above their level at the start of the year, around 18.2% for diesel and 10% for SP95.
An expected decline
The current fall was expected: coming into effect on April 1, the discount of fifteen to eighteen centimes per liter has relieved the wallet of consumers. In addition, commodity prices have fallen significantly since the end of March: while the barrel of Brent exceeded 120 dollars on March 23, it fell gradually, falling back below the 100 dollar mark at the end of last week. “This orientation is the result of several factors, including the bearish reversal of the financial markets, the increased use of stocks proposed by the member countries of the IEA and finally the absence of European sanctions on oil for the moment.“, Analyzes IFPEN in a note, this Monday. The drop in demand caused by the confinements in China may also have influenced the price.
For the time being, the Europeans have not decided on a possible embargo affecting Russian oil, which represents some 26% of the crude oil imported by the twenty-seven. But Brussels warned that this track was not ruled out, despite the disagreements between Member States: the European executive is working “currently working on additional proposals for possible sanctions, including on oil imports“Said the Commission in a press release on Friday.
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