Gas prices drop in France -- one centime at a time

12th September 2005, Comments 0 comments

PARIS, Sept 9 (AFP) - Oil companies Total and BP said Friday they would lower their service station prices for gasoline (petrol) and diesel fuel in France starting Saturday.

PARIS, Sept 9 (AFP) - Oil companies Total and BP said Friday they would lower their service station prices for gasoline (petrol) and diesel fuel in France starting Saturday.

The announcement came a day after French economy and finance minister Thierry Breton said oil firms could be subject to a "special tax" in the face of surging crude prices.

He also suggested that the companies reduce their prices at the pump.

Breton on Friday expressed "satisfaction" with the Total and BP decision.

"This announcement from these two enterprises reflects the desire they share with the government to ease the effects of higher oil prices on the consumer," he said in a statement.

Crude prices for the past 10 days have fallen by about five dollars a barrel to around US $65.

Total and BP said that starting Saturday the price of unleaded gasoline at their service stations would be lowered by three centimes and that of diesel fuel by two centimes.

A Total spokesman said the company's prices at the pump had already fallen by two centimes for unleaded gasoline and two centimes for diesel fuel since Monday, adding that fuel prices in international markets "began a downward movement from the start of the week."

Copyright AFP

Subject: French news

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