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France to Unveil New Fuel Aid Thursday as Pump Prices Set Records

Paris plans targeted relief for workers in hard‑hit sectors to protect strained public finances.

Overview

  • Prime Minister Sébastien Lecornu, who Matignon said Sunday will present a June package on Thursday, plans to open the online application on May 27 with a focus on targeted support.
  • Government data show average petrol above €2 per litre, with SP95‑E10 at €2.046 and SP98 at €2.139, while the prime minister said fuel receipts fell about €300 million after a 30% drop in consumption in early May.
  • Officials are weighing wider eligibility for the existing “grand rouleur” aid, higher mileage allowances, and new sector payouts such as for taxis and building trades, with ministers rejecting a universal rebate to contain costs.
  • G7 finance chiefs meeting in Paris Monday and Tuesday discussed energy fallout from the Middle East war, as the IEA warned commercial oil stocks are shrinking fast and France’s economy minister said new strategic releases are not planned for now.
  • Oil eased slightly after the U.S. president said Monday he had paused a planned strike on Iran and saw “very positive” talks, yet experts caution prices could stay elevated through 2026 even if tensions cool, keeping pressure on households that are already driving less and cutting discretionary spending.