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France cuts diesel prices

A number of chains have announced reductions in petrol prices following the sale of strategic reserves. The price will continue to be market-driven, but will be kept in check by the volumes released from the strategic reserves.
Tatiana Sichirliiscaia Tatiana Sichirliiscaia Reading time: 2 minutes
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diesel fuel

On average, diesel was selling for around €2.37 per litre in France on Saturday 31 October, according to Euronews. TotalEnergies’ Access petrol stations were already offering a price below the average: €2.15 per litre, which is 10 eurocents less than at the group’s other stations.

The E. Leclerc retail chain is following suit and has announced a price reduction of 21 eurocents per litre of diesel sold at its approximately 742 petrol stations across France.

According to E. Leclerc, the 21-eurocent discount will be deducted from the price every day; the price will continue to vary in line with market prices, as before.

Another retail chain, Coopérative U, will offer the same price reduction.

The French government announced in mid-October that it would release ten million barrels of diesel from its strategic reserves. These supplies were purchased before the start of the war in the Middle East and are being sold at 0.28 euros per litre, whilst the average price in mid-October stood at 1.1 euros per litre.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.


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