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France’s Fuel Prices Fall to Multi‑Year Lows Before Expected New‑Year Rise

Government data place late‑December pump prices at trough levels following a slide in crude.

Overview

  • Average prices reached €1.5992 per litre for SP95‑E10 and €1.5299 for diesel, according to Energy Transition Ministry data dated December 19, with additional declines reported the week before Christmas.
  • Crude traded near $60 a barrel as increased OPEC+ and other production, alongside weaker demand, weighed on global prices.
  • A firmer euro reduced import costs for fuel, reinforcing the downward pressure at the pump.
  • Retailers deployed aggressive year‑end price promotions, contributing to a weekly drop of roughly seven euro‑cents.
  • From January 1, a higher energy‑savings certificate (CEE) obligation is expected to lift supplier costs, with industry guidance pointing to a 4–6 cent per‑litre pass‑through over the first half of January.