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Fuel at cost: virtually no effect on drivers News from Auto Plus in your smartphone News from Auto Plus in your inbox

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Fuel at cost: virtually no effect on drivers News from Auto Plus in your smartphone News from Auto Plus in your inbox

If you regularly drive to work, you’ve probably noticed how fuel prices have skyrocketed in recent months. In fact, since the summer, diesel has gone up about 22 cents compared to 16 cents for gasoline. And it should continue for the coming months oil producing countries want to reduce their exports to maintain high margins. And this has a direct impact on the prices paid by customers, who are also hit hard by very high fuel taxes.

A useless offer

If the state does not want to do anything about it, it asked distributors to make efforts and sell fuel at cost price. This means that they do not take margin and do not sell at the price at which they buy. Some brands such as Leclerc or Intermarché already do this. But what effect does it have on motorists? Well, the latter would hardly exist in reality. In any case, this is what the president of the French Union of the Petroleum Industry (Ufip) Olivier Gantois reveals. The latter recently spoke and expresses his opinion on this matter.

Low impact

For him “lThe distributors’ net profit, that is, the profit after they cover their costs, is about one cent per liter. However, the price of fuel rose by 15 kopecks per liter, or even more“. In addition, prices have already fallen mass distribution brands, which do not have a large margin anyway. As such, this operation will change little for motorists who will not benefit from the sharp reduction.

Read also:
Ethanol: Everything you need to know about E85 (body, price, benefits, etc.)
Three tips on how to pay less for fuel at the gas station
The price of fuel: the government does not want to help the French anymore

Author: Marie Lizak
Source: Auto Plus

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