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French petrol prices at new low since the start of 2017
Dropping oil prices around the world means savings at the petrol pump in France
Good news for motorists in France - the price of fuel has fallen to its lowest level since the beginning of the year, following a decline in oil prices around the world.
In previous months, the price of oil had been rising after the Saudi-led OPEC bloc of producers restricted production. However, the US is now over-supplying the market, which inevitably brings the price down at source – meaning supermarkets and service stations can pass on savings to customers.
Official figures from the French Environment and Energy Ministry show that the average price of diesel is now €1.2598 per litre, which represents a drop of 0.72 centimes in just one week.
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Unleaded petrol is also at a new lowest price since early 2017: SP95-E10 (which contains less than 10% of ethanol) fell by 1.23 cents to €1.3731 per litre, while SP95 lost 1.17 cents to €1.4015 per litre. SP98 fell by 1.09 cents to €1.4654 per litre.
A spokesman for the fuel comparison website Carbu.com, which also reported on the new low prices, said: "While there was every reason to believe that prices would be revised upwards in early 2017 as a result of the OPEC agreement, pump prices have fallen overall in recent weeks - although they are still up from a year ago.”
