Fuel prices reached record highs with diesel averaging €2.38 per liter, and government data shows 11% of French gas stations are without petrol or diesel. Scope Ratings downgraded France's credit score on Friday due to a deterioration in the fiscal outlook, while shortages have reached 16% of stations in the Grand Est region.
Tuesday, October 20, 2026
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France Rejects Fuel Tax Relief After Record High Diesel Prices
Commodities30 days ago
Budget Minister David Amiel said the government will not implement across-the-board tax cuts to lower fuel costs, citing the risk of future generalized tax increases. President Emmanuel Macron is managing a swelling budget deficit ahead of next year's presidential elections, leaving few options to provide financial relief to motorists facing historic pump costs.
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