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French Fuel Prices Hit Multi‑Year Lows as Oil Slumps

Oil companies warn new CEE obligations from 1 January could lift pump costs by 4–6 cents per litre.

Overview

  • Government data to 19 December show SP95‑E10 averaging €1.5992 per litre and diesel €1.5299, the lowest since October 2022 for petrol and in over four years for diesel.
  • Crude trading near $60 a barrel, increased 2025 output from OPEC+ and other producers, and softer demand expectations have pressured oil and eased pump costs.
  • A stronger euro against the dollar further reduced euro‑denominated fuel costs, and pre‑Christmas retail promotions intensified the latest declines.
  • Average pump prices fell about €0.07 per litre in the past week, with readings near €1.60 for SP95 and €1.53 for diesel reported on 26–27 December.
  • French suppliers say changes to the energy‑savings certificate scheme taking effect on 1 January could add 4–6 cents per litre, with the pass‑through likely over the first half of January.