French diesel prices top €2.40 a litre as European fuel costs hit records

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By Christopher Moore - usagevpn.com
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Diesel Reaches a New High in France as Fuel Costs Surge Across Europe

Usagevpn.com – Drivers in France faced another sharp rise at the pump on Sunday, with the average price of diesel reaching €2.41 per litre, a new national record. The increase came as fuel markets across the European Union continued to feel the effects of conflict in the Middle East, disruptions to energy infrastructure and unusually elevated refining costs.

An AFP analysis calculated the national diesel average at 10.30am CEST using prices displayed by more than 8,700 service stations on the French economy ministry’s website. The figure moved beyond the previous record, which had been set only one day earlier.

The escalation has put household budgets, transport companies and businesses dependent on road deliveries under greater pressure. Fuel prices are highly visible to consumers because even relatively small daily movements can quickly affect the cost of commuting, travelling and running commercial vehicles.

Petrol Prices Stay Above Earlier Peaks

Diesel was not the only fuel setting new milestones. SP95-E10, France’s most widely used petrol grade, stood above €2.17 per litre on Sunday morning after prices from more than 6,700 stations were included in the calculation. It had already remained higher than its 2022 peak for more than 10 days.

SP98 also climbed above €2.28 per litre, based on data from more than 6,800 filling stations. The simultaneous rise in diesel and petrol means motorists have had little relief regardless of the fuel type used by their vehicle.

France was among Europe’s costliest places to buy fuel last week, although it was not at the top of every measure. On 14 September, the date used for the European Commission’s weekly comparison, average French diesel prices were €2.29 per litre. Germany, the Netherlands, Denmark and Finland had higher prices for both petrol and diesel at that point.

European Benchmarks Set Records

The wider European picture has been similarly severe. The weighted EU average for petrol stood at €2.063 per litre on 14 September, while diesel reached €2.159. Both figures were the highest in the European Commission’s price series, which begins in 2005.

Petrol had previously reached its high point in 2022. Diesel came close to its present level in April this year, but the latest surge has pushed it further. These averages matter because they show that the strain is not confined to one national tax system or one domestic supply market.

Fuel prices began rising rapidly after the United States and Israel launched their war with Iran in February. More recent developments, including renewed conflict in Yemen and attacks targeting Saudi Arabian energy infrastructure, have added to concerns over the flow of crude oil and refined products.

Crude prices rose by roughly a fifth during September before easing over the previous three days. Even after that decline, Brent crude remained above $100 per barrel. A lower oil price does not necessarily translate immediately into cheaper filling-station prices, particularly when other parts of the supply chain remain under stress.

Why Refining Margins Matter

The price of crude is only one component of what drivers pay. Refineries purchase crude oil and turn it into products such as petrol, diesel, jet fuel and heating fuels. The gap between the cost of crude and the wholesale value of those finished fuels is known as the refining margin.

European refining margins have remained exceptionally high, adding another layer to prices at the pump. Petrol margins may already have passed their peak, but diesel margins could continue climbing in the near term. This distinction is important in France and elsewhere because diesel remains central to freight transport, logistics and many passenger vehicles.

“Looking ahead, based on refined diesel futures from LSEG on 16 September, the margin for diesel is expected to peak in October. Based on refined petrol futures from LSEG on 16 September, petrol margins peaked in August.”

ECB experts said the future path of pump prices will depend heavily on whether energy supplies and refining operations in the Middle East can return to more normal conditions. A resolution of the conflict would be crucial to restoring those flows and reducing the pressure built into fuel markets.

Political and Social Pressure Builds

The renewed rise has also created a political challenge in France. The government is concerned that persistent fuel inflation could revive tensions similar to those seen during the yellow vest movement, which began in 2018 amid anger over higher fuel costs.

Fuel expenditure can have a particularly broad social impact because it affects people in different ways. Rural and suburban households may have fewer alternatives to driving, while higher diesel costs can feed into the expenses faced by hauliers, tradespeople and delivery networks. Those added costs may also influence prices for goods moved by road.

For now, the decline in crude prices has offered only limited comfort. As long as Brent remains above $100 a barrel and diesel refining margins stay elevated, European motorists are likely to remain exposed to unusually expensive fuel. The next major turning point will depend not only on oil markets, but also on security conditions, infrastructure resilience and the return of reliable energy flows through the region.

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