According to Michel-Edouard Leclerc, boss of the E.Leclerc centers, the sudden increase in fuel prices responds to a speculative market which should drop in the coming days.
Don’t you rush not ! In short, this is the message that Michel-Edouard Leclerc, boss of the E.Leclerc centers, to motorists. Whereas prices are skyrocketing and gasoline as diesel has exceeded, and sometimes by far, the symbolic bar of €2 per litre, the French are rushing to service stations to fill up, fearing yet another increase.
According to the boss of the supermarket, prices will drop in the coming days. “By the end of the week the [prix des] stocks must fall once more. First because crude oil prices are collapsing there and then because it has taken a big discount also because the euro is rising once morest the dollar. I think we will have from Friday a drop of 14-15 cents per litre.“, he explains this Wednesday, March 9 to BFMTV.
“No rationality in the market”
This upcoming drop can indeed be explained by a slight drop in the price of a barrel of Brent last night. Almost at 130 dollars a barrel for weeks, the price fell by 13.6% Wednesday evening with the prospect of the Europeans not placing an embargo on Russian oil.
“I find that there is no rationality in this market. There is stock, there is no less oil today, even the Russians still sell diesel. There was no no objective reason for it to burnthe markets are speculating,” he said.
And to indicate that the market has panicked in recent days without the brand being able to help households: “What we might do was sell at cost price but we caught ourselves in a week 20 cents increase. The average price must be between 2.15 and 2.22 euros per litre.”
The government Currently working on several solutions to allow the French to absorb this increase with, for example, the introduction of a fuel voucher. Other aids already exist, we have listed them here.
