The reduced price on SP95-E10 gasoline will finally be maintained in 2021 -
Pixabay / IADE-Michoko
The Ministers of Economy Bruno Le Maire and Public Accounts Olivier Dussopt specify in a press release "that there will be no change in the taxation of petrol SP95-E10 and SP95-E5".
The price of SP95-E10 gasoline, which contains 10% ethanol, will therefore be maintained in 2021, contrary to what was initially planned in the draft budget.
Agricultural alcohol producers were alarmed on Friday by this forecast of tax increases for the most sold gasoline in France.
The finance bill for 2021 provided for the gradual abolition of this reduced tariff, which would represent an additional cent per liter, i.e. an additional cost of 30 million euros in 2021 then 60 million in 2022.
SP95-E10 represents around 50% of unleaded gasoline sold in France
The internal consumption tax on energy products (TICPE) is two cents higher for conventional gasoline and E5 than for E10 fuel.
The government will therefore welcome "favorably" "the proposals of parliamentarians aimed at maintaining the current level of taxation of E10 and E5".
Ethanol, which is produced in France, composes up to 7.5% of SP95 and SP98, and up to 10% of SP95-E10.
SP95-E10 represents around 50% of unleaded gasoline sold in France.
The industry hopes to reach 75% within five years.
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