Question 13887 — energy and fuels

Summary

Mr. Marc Chavent draws the attention of the Minister of the Economy, Finance and Industrial, Energy and Digital Sovereignty to the sudden increase in gasoline prices following the surge in oil prices caused by the war in Iran. Indeed, geopolitical tensions in the Middle East, marked by the bombings in Iran and the persistent risks of disruption of the Strait of Hormuz, have caused the price of Brent to jump. beyond 100 dollars per barrel and revived the specter of a new oil shock, with marked price volatility which immediately has repercussions on prices at the pump. This international surge has had a heavy impact on prices at the pump in France, where diesel and gasoline have seen an increase of several tens of cents per liter since the start of the conflict, even though taxes represent more than 50% of the final price. via the excise on energy products (ex-TICPE) and the VAT applied to fuel and to the tax itself. This situation has a direct impact on household finances: for a household dependent on a car and consuming 1,500 liters per year, an increase of 30 cents per liter represents an additional cost of around 450 euros per year, reducing the budget available for housing, food or essential expenses, in particular in rural and peri-urban areas. For example, the Italians and Spaniards reacted promptly to the crisis: Italy adopted a decree reducing excise duties on fuels to contain the increase at the pump, while Spain integrated into its response plan to the surge in energy prices a reduction in taxation on fuels within a broader package of measures to protect purchasing power. Such Decisions show that it is possible, in times of external shock on the price of oil, to adjust taxation to limit the immediate impact on households, without giving up on a medium-term energy transition trajectory. Furthermore, France has previous experiences and reflections in this area: the “floating TIPP” mechanism put in place at the beginning of the 2000s aimed precisely to compensate, through a adjustment of the internal tax, variations in VAT induced by fluctuations in the price of crude, in order to smooth prices at the pump. More recent legislative proposals have taken up this principle of “floating TICPE”, consisting of automatically correcting the level of the tax when the price of Brent varies beyond a certain threshold, returning to consumers, in the form of a tax reduction, the surplus VAT collected during periods of increase and conversely allowing revenues to be replenished when prices relax. In this context, he would like to know if the Government is considering not only a temporary reduction in taxes on gasoline, on the Italian and Spanish model, but also the long-term establishment of a balancing mechanism between the excise on energy products (ex-TICPE) and VAT, automatically adjusted upwards or downwards depending on the variations in oil prices, in order to smooth pump prices, secure household purchasing power and guarantee better predictability of State tax revenue.

Machine translation from French. The official text remains authoritative.

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