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France to offer fuel rebate to cushion soaring prices - PM

Published 03/12/2022, 01:07 PM
Updated 03/12/2022, 01:31 PM
© Reuters. FILE PHOTO: A woman holds a fuel nozzle at a petrol station in Nice, France, January 25, 2022.    REUTERS/Eric Gaillard

PARIS (Reuters) -France is to introduce a rebate of 0.15 euros ($0.16) per litre of transport fuel to help drivers cope with soaring pump prices, Prime Minister Jean Castex said in an interview with daily newspaper Le Parisien.

The measure, to apply for four months from April 1, is expected to cost the government just over 2 billion euros, he said.

Retail gasoline and diesel prices soared to record highs in many countries across the world this week as Russia's invasion of Ukraine added to market tensions, after economies had begun recovering from the coronavirus pandemic.

A gesture of support for French motorists had been flagged by President Emmanuel Macron, who is campaigning for a second term in elections next month.

In the interview published on Saturday, Castex said the rebate would cover households as well as lorry transport and farmers.

The measure, which he said fuel distributors should reinforce with their own effort to cut retail prices, would save a motorist 9 euros on a 60 litre tank, Castex added.

Macron has said his government has already spent 20 billion euros a year to moderate gasoline and power costs.

($1 = 0.9167 euros)

Latest comments

lool how ? french gob doesn't have money and have a lot of debt lol 🤣 are you serious ? stole at left for give at right
yes, it is true 🤫
lefties are like spitting & pooping terrible toddlers. they throw *******& spit on people everytime they don't get what they want. and, that's normal behavior for them.
IMF wrote a paper a few years ago advising governments inflation was their way out of the malfeasance of its decades long overspending what they did not yet have to spend. the liberals did this, and dragged every greedy Republican into the practice they could. they adjusted how the factored the inflation rate to hide it all. expect everything to cost about 30% more in 5 years. lucky us.
Lefties dont understand supply and demand, rebates will just contribute to more inflation
your right, the righties just wanted to turn the US into a dictatorship - their kind that is! all hail Tsar Putin all Hail Tsar trump
the french state want to claim it is useful
we'll gouge you now and hope for peace so we cancel the unneeded rebate
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