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BackThe price of diesel soars in France amid tensions in the Middle East
The price of diesel soars in France amid tensions in the Middle East
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Le Figaro Actualités49 minutes agoBusiness1 min readFranceView original

The price of diesel soars in France amid tensions in the Middle East

A liter of diesel reached 2.3692 euros this Thursday morning, while SP95-E10 stood at 2.1531 euros, against a backdrop of soaring oil prices and geopolitical tensions.

Quick Look

  • A liter of diesel reached 2.3692 euros in France this Thursday, fueled by geopolitical tensions in the Middle East and the closure of strategic crossing points.
  • The rise in fuel prices revives social fears as the budget approaches.

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Why It Matters

Fuel prices are skyrocketing due to geopolitical tensions and disruption of hydrocarbon shipping routes.

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The liter of diesel is displayed on average at 2.3692 euros this Thursday morning, according to Fig Data calculations made from public data from the Ministry of the Economy. Enough to worry motorists at this start of the school year marked by a very strong upsurge in tensions in the Middle East.

While the Strait of Hormuz remains blocked by Iran, the Houthis, allies of Tehran, have taken control of the Bab el-Mandeb Strait, another strategic crossing point for the hydrocarbon trade, which further darkens the outlook. At the same time, in the United States, as the midterm elections approach, Donald Trump urged kyiv not to hit Russian refining infrastructure because the price of diesel is also breaking records. With a barrel of Brent already moving around 110 dollars, many experts believe that the worst is yet to come.

In France, anger is brewing in the countryside and the specter of “yellow vests” is resurfacing. The government is approaching the always perilous sequence of the budget, the last of the five-year term, with almost zero room for maneuver. This Tuesday again, François Hollande, who has still not officially declared himself a candidate for the presidential election, called on him to react. Because diesel, accustomed to following the upheavals of international news, is not the only one concerned: gasoline is also on fire. The SP95-E10 reached 2.1531 euros per liter this morning, an unprecedented level.

To help you see clearly, Le Figaro provides you with a complete dashboard which allows you to follow the day-to-day evolution of prices and supply shortages, by fuel and by department. You can also find, in just a few clicks, the cheapest stations near you.

Open Questions

  • What measures will the French government adopt in the face of this increase?

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This article was originally published by Le Figaro Actualités.

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