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France scales up targeted fuel price relief, says finance minister
The package doubles aid for low-income commuters to 5.5 million people and gives fishermen up to 70% coverage for fuel cost increases.
- On Tuesday, Finance Minister Roland Lescure announced that France will expand targeted energy relief, doubling aid for low-income, high-mileage commuters to reach 5.5 million people.
- Surging fuel costs sparked protests by fishermen in the Mediterranean last week, prompting the government to offer aid covering up to 70% of cost increases and zero-interest loans.
- Budget Minister David Amiel stated the new measures will cost €450 million, bringing total energy relief spending to €1.4 billion and straining France's public finances.
- Lescure stated there are no concerns about fuel supplies for the next two months, while support for fishing, construction, and home care sectors was extended through December.
- The energy price spike, related to the Middle East conflict, triggered a rush to buy electrical vehicles, with EVs making up 40% of cars sold in France over the summer.
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Business - French government scales up targeted fuel price relief
Under pressure to help businesses and workers cope with soaring fuel prices, the French government has announced it will expand targeted energy relief for those most affected. The new measures will…
·Issy-les-Moulineaux, France
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The French government will announce to Bercy this Tuesday new aid for households and sectors affected by the rise in fuel prices. Among the measures envisaged, a "zero profit" rule to pay back the...
ledauphine.com+6 Reposted by 6 other sources
The government announced this Monday that new aid measures will be presented Tuesday at 5 p.m. by six ministers.
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Total News Sources27
Leaning Left2Leaning Right2Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 18%
C 64%
R 18%
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