The price of fuel has (clearly) increased in France, against a background of conflict in the Middle East

• Last week the pump fuel prices increased, up to 8.3 cents per liter for diesel.
• Consequence of the conflict to the Middle East but also of an increase in road trips to the United States.
• However, the French Union of Petroleum Industries relies on an increase in prices contained this summer.

– Price fuel (clearly) increased france,

Will the conflict to the Middle East have consequences on the price of fuel at the pump? Furthermore, It price fuel (clearly) increased france, would seem that he already has it. Nevertheless, According to government data (new window) Who publishes every week the evolution of fuel prices at the pump. Consequently, prices increased last week (June 16 to 22), compared to the previous week. For example, Thus, with a cost of 1,6988 euros per liter the SP95 – E10 increased by 2.9 cents of Euro per liter. Nevertheless, Diaras took 8.3 cents, one liter cost 1,6402 euro last week. Meanwhile, The price of a barrel of Brent (used as a base to fix the price of crude on the. Nevertheless, stock markets) underwent an increase of $ 7.8, to set up at 77.3 dollars. At the end of May it barely cost $ 60.

An increase in the “relatively limited” barrel price

“We expected a significant increase. At this price level. the increase in a price fuel (clearly) increased france, barrel is completely reflected in the pump”said to Parisian (new window) Olivier Gantois, the president of the French Union of Petroleum Industries (UFIP). “In the current context. there is no reason why the prices are reflected in the pump”he adds, pointing to the conflict to the Middle East, but also the “Driving Season” in the United States, a period from May to September during which the Americans make many travel by car, with an impact on world consumption.

“If the essence has increased less it is because it has been very expensive for a few weeks because of American consumption”. Doped as the major summer holiday journeys approached Olivier Gantois to AFP. The increase observed on diesel. a consequence of an increase of $ 10 in the price of a barrel, remains “relatively limited”he said. He underlines that the price of a price fuel (clearly) increased france, barrel returns in a range between 75. 85 dollars, where it was located until last March, before the announcement by the US administration of the increase in customs duties. “It is as if the $ 10 that the market had lost in early April had been returned on June 13. following the attack on Israel on Iran”he said, according to him, as the oil markets “Do not believe in a major oil supply problem worldwide”.

The closure of Detroit d’Ormuz would change everything

United States air strikes could translate this week into a new increase in “One. two cents” At the pump, consequence of the rise of the crude barrel of two additional dollars, explained Olivier Gantois. “I think the prices we have currently will remain stable until summer […]. We could very well have markets that remain at these levels despite military conflicts in price fuel (clearly) increased france, the Middle East “he. said this Monday morning on RMC on Monday morning.

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Conflict between Israel. Iran: what consequences on fuel prices in France?

Prices could. on the other hand, increase considerably if Iran closed the Strait of Ormuz, off the Iranian coast, by which a fifth of world oil production passes. This is the wish of the Parliament. but the Supreme National Security Council of Iran, the only one empowered to make this decision, did not follow up. “Iran produces three price fuel (clearly) increased france, million barrels a day. it consumes half of it, it exports half of it, they all go through” The Strait of Ormuz, “As well as most exports from neighboring countries. Iran depends economically on these oil flows”also underlined the president of the UFIP.