Business · Energy & Commodities · 1 day 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.

What people are saying

We are completely stuck. The price of fish is set at auction, so we cannot pass the increase in costs on to our selling prices. And we cannot fish more because of quotas.
Jérôme NicolOperations director, Armement de la pêche artisanale de Keromanvia BFM Business
We are talking about 25 to 30% of turnover going up in smoke.
Olivier GuyaderResearcher, Ifremervia BFM Business
If there were no tax exemption on diesel, these trawl fisheries would collapse overnight.
Didier GascuelProfessor of marine ecology, Institut Agro Rennesvia BFM Business

Sources

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