France plans targeted fuel aid as diesel hits record €2.41 per litre

  • French officials are preparing targeted fuel aid for exposed households and businesses.
  • €2.41 per litre marked a record average for French diesel prices.
  • France retains three months of strategic reserves, officials said Monday.

France is preparing targeted support for households and businesses hit by record pump prices, with new measures potentially starting October 1. Diesel reached a record average of €2.41 per litre, while SP95-E10 rose above €2.17 and remained above its 2022 peak for more than 10 days. Government spokesperson Maud Bregeon said announcements would come in the coming days and ruled out a broad-based fuel-tax reduction. Economy Minister Roland Lescure said the government would decide within the day whether to extend a €100 payment for lower-income high-mileage drivers beyond October 1, with broader eligibility and a higher amount under consideration. France has three months of strategic reserves, which officials said remain full and unused, although 17% of stations reported shortages on Monday morning. The price surge has intensified social tensions, including blockades of Mediterranean oil depots by fishermen, while rising debt and interest costs are limiting the government's fiscal room.

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