A drop in prices at the pumps “of 1 cent per liter”. Emmanuel Macron’s request to sell at cost price is “legitimate” taking into account the current high price of fuel, he reacted on BFMTV the president of the French Union of Petroleum Industries (Ufip energies and mobility), Olivier Gantois.
But motorists should not expect a significant reduction in their bill at the pump, the latter warns. “The net margins of fuel distributors,” that is, “the profits once their costs are covered,” are “on the order of 1 cent per liter,” he noted.
“We are talking about a potential reduction of around 1 cent [d’euro] per liter, so we are not at all up to the problem,” said Olivier Gantois.
The head of the UFIP recalls that “fuel prices have increased by 15 cents per liter, or even more” since the beginning of the summer.
“Very competitive” activity
According to Olivier Gantois, these low margins are explained by a “very competitive” fuel distribution activity in France, in particular due to the strong presence of large-scale distribution, which represents “approximately 59% of the volumes sold” at the stations. . .-service.
In fact, the latter charges low prices at its own stations, with fuel distribution being only a losing factor in attracting consumers to its stores.
Source: BFM TV
