Politics · France · 4 hrs ago
France plans cheaper diesel from strategic reserves starting November 1
France plans to release 10 million barrels of diesel from its strategic reserves, with deliveries starting in late October or early November.
The government says the move could lower diesel prices by up to 18 cents per litre from November 1.
Fuel distributors will receive the discounted supplies in proportion to their market share, so the reserves will cover only part of what most companies buy.
TotalEnergies, which is set to receive nearly a quarter of the released fuel, has promised diesel prices of €2.15 to €2.20 per litre.
The government says it will check prices and profit margins, and could set limits by decree if a distributor does not pass on the savings.
It also plans to provide small rural stations with cash-flow support so they can reduce prices too.
France plans to release strategic diesel reserves from November 1, with the government promising a price reduction of up to 18 cents per litre.
The release will total 10 million barrels, allocated to distributors in proportion to their market share.
The government says it will monitor prices and margins and could cap margins by decree if a distributor does not pass on the savings.
TotalEnergies is expected to receive nearly a quarter of the released stocks and says its diesel will cost between 2.15 and 2.20 euros per litre.
The government also promises cash-flow support to help small rural stations lower prices.
- Who
- The French government and fuel distributors. Motorists are intended to benefit.
- What
- France plans to release strategic diesel reserves to lower pump prices by up to 18 cents per litre.
- When
- Starting November 1, with the first stock movements expected in late October or early November.
- Where
- France.
- Why
- To reduce diesel prices for motorists by using strategic stocks bought before the war.
This story does not have two clearly opposing sides.
Prime Minister Sébastien Lecornu said the state would monitor distributor prices and margins.
The first movements to release the strategic stocks are expected to begin.
The government’s promised diesel price reduction is due to start.
- Planned reduction
- Up to 18 cents per litre
- Strategic stocks
- 10 million barrels
- Price of released diesel
- 28 cents per litre
- TotalEnergies share
- Nearly a quarter of the released stocks
- TotalEnergies pump price
- 2.15 to 2.20 euros per litre
What people are saying
The first movements to release stocks will begin in late October, early November.
We intend to implement and return to the French people the economic benefit released by the government. The TotalEnergies network will remain the cheapest in France.
State services will monitor distributors’ prices and margins. And if an operator does not play by the rules, the government could cap the margins it takes by decree.
Sources
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