The French are punished by supply interruptions at service stations.

Thus, the government continues the discount of 30 centimes/l at gas stations until mid-November.@TotalEnergies also extends its discount of 20 centimes/l for the same period. pic.twitter.com/u7EdYWGliB

— Elizabeth BORNE (@Elisabeth_Borne) October 16, 2022

Since the beginning of the year, the price of fuel has reached an unprecedented level: a liter sometimes exceeds the mark of 2 euros, and at some gas stations even 2.30 euros. We owe the incredible growth to, among other things, the increase in the price of a barrel of oil, which reached a record high of $140 at the beginning of the year. war in Ukraine. Today, its price has dropped sharply to $80, but the situation still remains quite tense. Added to this are taxes, which are around 60% of the price per litre, as well as oil production, depending on supply and demand. A few months ago, OPEC+ (the Organization of the Petroleum Exporting Countries) predicted a drop in production, which predicted an increase in factory prices.

[#SudRadio]🗣@dupontainan : “For a real reduction in the price of fuel to 1.50 euros, it is necessary to tax the profits of oil companies! »

📺https://t.co/lUATrHpy5E pic.twitter.com/WuJhdZewZv

— Southern Radio (@SudRadio) July 4, 2022

A nice surprise

But over the past few months, things have changed somewhat. Indeed, black gold-producing countries such as Qatar, Libya or Algeria and Saudi Arabia met a few days ago. And finally they made a decision that should please motorists. Indeed, the latter decided not to cut oil production further in the next few weeks, and therefore the number of barrels exported. We will remind, in October the organization decided production restrictions two million barrels per day. A decision that is only coming into force and should have a limited impact.

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The fuel will remain stable

Therefore, this new solution should allow the fuel remained stable at the service station. In any case, this is what Olivier Gantois, president of the French Union of the Oil Industry, believes in an interview with Le Parisien. That really explains it “Of course, prices will remain high. But the OPEC+ decision may not affect Brent, which is trading at $86 (81 euros) a barrel, as global demand has stabilised, particularly in China.“. So very good news!

I am introducing a bill aimed at reducing gasoline taxes in the face of record high fuel prices and taxing oil company dividends.

A few days before the big holidays, this is an important topic for the French. pic.twitter.com/84UlSqaEBM

— Fabien Roussel (@Fabien_Roussel) June 29, 2022