French Fuel Prices Plummet as Major Retailers Offer Cost Price Deals Amid Global Oil Surplus

April 18, 2025
French Fuel Prices Plummet as Major Retailers Offer Cost Price Deals Amid Global Oil Surplus
  • As of mid-April 2025, the average price of SP-95 gasoline has dropped to 1.68 euros per liter, while diesel is now averaging 1.57 euros per liter, marking the lowest prices since December 2021.

  • This decline follows a peak in January when diesel was priced at 1.72 euros and SP95-E10 at 1.77 euros, according to the French Ministry of Energy Transition's weekly updates.

  • With diesel prices falling below 1.60 euros per liter and SP-95 gasoline under 1.70 euros, major retailers Leclerc and Intermarché are set to offer fuel at cost during the Easter weekend from April 18 to April 20, 2025.

  • The decrease in oil prices has been influenced by OPEC+'s decision to increase production by 411,000 barrels per day, with potential increases of up to 1.23 million barrels per day expected by July.

  • The International Energy Agency's April report predicts a moderation in oil demand for late 2025 and 2026, driven by escalating trade tensions, which may lead to a global supply surplus and further lower oil prices.

  • Economic expert Christian de Boissieu highlighted that the oil market is sensitive to global growth, noting that a slowdown in trade and consumption is contributing to the decline in oil prices.

  • The recent decline in fuel prices can be traced back to a decrease in global oil prices, which began following a trade war initiated by Donald Trump on April 2, 2025.

  • On April 2, 2025, U.S. crude (WTI) was priced at approximately $71 per barrel and North Sea Brent at nearly $75, but these prices fell significantly to $59 and $63 by April 8, before slightly rebounding to over $64 and about $67 respectively by April 18.

  • In total, 730 Leclerc stations and 1,150 Intermarché stations will participate in selling fuel without any markup, aiming to support the purchasing power of French consumers.

Summary based on 1 source


Get a daily email with more World News stories

Source

More Stories