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France against the world. At least that’s what we can see about fuel consumption. While demand for oil is increasing worldwide at a rate of one to two million barrels per year (at 103 million barrels per day estimated at the end of the year), in France, fuel consumption continues to decline. .
According to figures from the French Union of Petroleum Industries (Ufip Mobilités et Énergies), fuel consumption has fallen by 1.7% since the start of 2023 compared to 2022. Which represents a drop of 4% per year. compared to the same period in 2019, the last pre-Covid year.
At the time, deliveries were set at 50 million cubic meters. A threshold that they should no longer exceed. Indeed, the latter climbed to 49 million cubic meters in 2022. The end of consumption records in France?
Accelerate the reduction in fuel consumption
The reduction in fuel consumption was itself 1.6% between 2019 and 2022. If this accelerated between 2022 and 2023, this is, it seems, not enough. As evidenced by Olivier Gantois, president of Ufip Mobilités et energies, Echos. The union estimates that the reduction will have to be steep, at -40%, in order to comply with the climate objectives set by the government for 2035:
“For several years, we have observed stagnation, or even a slight drop in demand for fuels, of around 1% per year in France.” “A fundamental trend” linked to “the renewal of the automobile fleet with more efficient vehicles, [au] deployment of soft mobility or even electric vehicles.” These “structurally pull demand downward but in a modest way”.
The French indeed have a level of demand which remains high, particularly during the holidays. This is seen every summer. It remains to be seen how this trend will evolve, as prices climb.
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To sum up
Demand for fuel continues to fall slightly, by around 1.6%, over the first seven months of 2023. A trend present for several years in the territory, which must accelerate to meet the government’s climate objectives. .
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