Fuel prices fall from October 31

This text corresponds to part of the transcription of the report above. Click on the video to watch it in full. A breath of fresh air for motorists.

Saturday October 31, TotalEnergies lowers its price of diesel to 2.15 euros per liter in 705 of its service stations. 10 cents less than the current amount. Customers regret coming today.

“If, in fact, it had been a normal day and I had been aware, which is not the case, I would have come tomorrow,” confides a motorist. “I didn’t hear that. If I had known that, I wouldn’t have come today, I would have stopped by tomorrow,” adds another.

“10 cents on 80 liters, that’s still 8 euros. It makes a difference,” estimates a third customer. The government has released ten million barrels of oil from its strategic stocks.

Diesel bought cheaper, before the war in the Middle East. Price reductions which will depend on stocks This fuel will gradually arrive at other distributors and at supermarket service stations. They too will reduce their prices at the pump, but only from Monday, November 2.

Total did so earlier, the day after announcing its record profits. “It extracts oil, it transforms it, it distributes it and therefore all of this is very profitable. Total has room for maneuver that most of its competitors do not have, particularly mass distribution,” underlines Patrice Geoffron, professor of Economics at Paris-Dauphine and energy specialist.

In Gard, Nathalie Semenoff, manager of a small independent station, will not be able to reduce her prices immediately. It must first use up all its fuel before recommending any. “It’s a product that I buy at a given moment, I set my selling price and as long as I have diesel or unleaded fuel left in my tank, the price cannot change.

I was delivered on Tuesday, knowing that it takes me almost three weeks to sell my tank, I don't know how I will be able to lower the prices", she indicates. The government has planned controls to ensure discounts granted to all distributors.

Machine-translated from French