France announces $3 billion fuel aid package as pump prices soar

  • 📰 STForeignDesk
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 71%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

PARIS - The French government has announced a package worth 2 billion euros to help consumers struggling with soaring fuel prices, with the cost of filling up set to be cut at the pump.

French Prime Minister Jean Castex announced late on Saturday that petrol and diesel prices would be reduced by 15 centimes per litre.

The bill will be slashed by this amount when vehicle owners pay, with the state then reimbursing gas station owners for the difference.With petrol prices now topping two euros per litre at the pump in some areas, the government has come under pressure to reduce the impact on households. It has also been under pressure to cut fuel taxes ahead of presidential elections next month, with more than half of prices at the pump made up of taxation.

Underlying petrol and diesel costs are linked to global oil markets which have risen by around 30 per cent since the start of the year due to strong global demand and Russia's invasion of Ukraine. Last October, the government of President Emmanuel Macron announced a cap on gas and electricity prices until the end of 2022 and handed out cheques to poor households to help them with their domestic energy bills.Polls suggest Macron is the frontrunner in elections on April 10 and 24.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Suc- it Greta .

'That means every time you fill up for €60, you save around €9,' Mr Castex said. e chi paga ? Pantalone :)

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pivac hails Welsh improvement after narrow loss to FranceCARDIFF : Frustrated Wales coach Wayne Pivac believes his side did enough to win in their narrow 13-9 Six Nations defeat by France on Friday as he confirmed lock Alun Wyn Jones will be fit to face Italy in their final fixture next weekend.Wales dominated possession and territory against unbeaten France bu
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tens of thousands march in France to call attention to climate crisis
Source: STForeignDesk - 🏆 4. / 71 Read more »

Tens of thousands march for the climate in FrancePARIS: Tens of thousands of people protested across France on Saturday (Mar 12) to call for more attention to the climate crisis in the runup to presidential polls next month. \u0022Look up\u0022, read one message in giant orange letters demonstrators held up in Paris, urging politicians to make protecting the plane
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

France says Russia's Putin not ready to end Ukraine war, fighting ragesOf course he’s not ready. He’s enjoying slaughtering Slavic men, women children, babies and destroying the country and its culture. He wants it wiping off the world. It’s genocide and ethic cleansing. Who’s he freeing? He’s killing everyone; no one wants the Russians there. straits_times We wouldn't expect a black-eyed Putin to agree ending the fight now.
Source: STForeignDesk - 🏆 4. / 71 Read more »

France, UK, Germany say Iran deal could collapse on Russian demandsPARIS: France, Britain and Germany warned Russia on Saturday (Mar 12) that its demands to have its trade guaranteed with Iran risked the collapse of an almost-completed nuclear deal. Negotiators have reached the final stages of discussions to restore the so-called JCPOA deal, which lifted sanctions on Iran
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

France repel Welsh fire to win 13-9 in CardiffCARDIFF : France were not at their flamboyant best but a try from flanker Anthony Jelonch helped the Six Nations leaders to a 13-9 victory over a Wales side full of fight at the Principality Stadium on Friday, a seventh win in a row for Fabien Galthie's team. France stay on course for their first Six Nati
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »