Business · Energy & Commodities · 14 hrs ago

Fuel price surge squeezes French fishing fleets despite tax-free diesel

Fuel price surge squeezes French fishing fleets despite tax-free diesel

French fishing fleets are struggling with rising fuel costs, even though they can buy tax-free diesel at €1.21 per litre.

The fuel used for fishing has doubled in price since the start of the year.

A fishing company in Lorient says its five trawlers each use an average of 1,400 litres a day.

Fishers cannot simply catch more to cover higher costs because quotas limit their catch, and fish prices are set at auction.

The pressure also reduces crew members’ pay, with one company estimating monthly losses of €200 to €600 per sailor.

Trawling uses especially large amounts of fuel, and researchers estimate that fuel costs can consume 25% to 30% of revenue.

The government has provided more than €30 million in fuel support, but no immediate solution is clear; one proposal is to phase out trawling over 20 to 30 years.

Sources

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