
The government and distributors met in Matignon to organize the release of strategic stocks.
AI-generated summary
The government uses strategic stocks purchased at low prices to reduce the average cost of fuel.
Last week, Sébastien Lecornu announced that the country would use part of its strategic diesel stocks to lower prices at the pump by 12 to 18 cents. These stocks having been purchased cheaper than current prices, this allows the average cost to be lowered. Once the announcement had been made, there remained the question of its implementation and in particular of the distribution between the different networks. The distributors were received Monday morning in Matignon by the Prime Minister, accompanied by Maud Bregeon (Energy) and Serge Papin (PME) to address these questions.
The reductions should be effective from November 1, with an effect until January 31. The duration, three months, corresponds to the volume of stocks released: 10 million barrels. In detail, the price of diesel should fall by 18 cents at all service stations... to be between 2.18 and 2.22 euros per liter (approximately). Except at TotalEnergies, where the drop should only be 10 cents…
AI outlook — possibilities, not facts
Implementation of price reduction on November 1st.
Very likely · Within days

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TotalEnergies announces a reduction in station fuel prices and GNR. At the same time, an analysis highlights that French multinationals are now borrowing at more advantageous rates than the State, a situation not seen since 2011-2012.

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France Télévisions informs its users of the use of their email address to send the newsletter 'L'actu à 7h30', including tracking pixels and tracking links to personalize content and measure engagement, with the possibility of withdrawing consent at any time.

Prime Minister Sébastien Lecornu announced a drop in diesel prices from November 1 thanks to the destocking of 10 million barrels, with an expected reduction of 12 to 18 cents at the pump. TotalEnergies has committed to lowering its prices by 8 to 12 cents for individuals and 20 cents for GNR, while cash advances will be offered to rural stations to pass on the reduction immediately.

The price of diesel in France fell for the third consecutive week, standing at 2.3283 euros per liter. Gasoline prices remain stable. This trend could be accentuated with the release of strategic stocks planned for November.