Coronavirus: price of road fuels in France April 2020, by fuel
Coronavirus (COVID-19) has cast a shadow on the French economy. Due to the outbreak, France's gross domestic product forecast dropped, compared to previous studies.
Impact of COVID-19 on the French energy market
The negative impact we can observe on France's electricity consumption is a direct consequence of this economic crisis.
The spread of the virus and implemented quarantine measures are among the causes of fuel prices decrease but not only. Indeed, a disagreement between OPEC members (notably Russia and Saudi Arabia) about introducing a production limit led to a sudden fall of crude oil prices.
The fall of fuel prices
As we can see, several events are responsible for the road fuel prices decrease between March and April. A cause for hope, however, can be found in a slowdown in the price's decline in France. Falling six cents between March 9th and March 16th, diesel price only dropped 0,8 cents between April 6th and March 31st. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
Impact of COVID-19 on the French energy market
The negative impact we can observe on France's electricity consumption is a direct consequence of this economic crisis.
The spread of the virus and implemented quarantine measures are among the causes of fuel prices decrease but not only. Indeed, a disagreement between OPEC members (notably Russia and Saudi Arabia) about introducing a production limit led to a sudden fall of crude oil prices.
The fall of fuel prices
As we can see, several events are responsible for the road fuel prices decrease between March and April. A cause for hope, however, can be found in a slowdown in the price's decline in France. Falling six cents between March 9th and March 16th, diesel price only dropped 0,8 cents between April 6th and March 31st. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
