President Emmanuel Macron convened an emergency meeting and requested a G7 energy summit in the coming weeks to coordinate stockpile levels and evaluate the release of strategic reserves. Macron attributed the price surge to the closure of the Strait of Hormuz and U.S. and Israeli attacks on Iran. The government is currently preparing financial support for high-mileage drivers to offset the cost of energy inflation.
Tuesday, October 20, 2026
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11% of French Gas Stations Lack Fuel and Trigger G7 Energy Summit Call
Commodities31 days ago
Fuel outages reached 16% of service stations in France's Grand Est region on Sept. 19, contributing to a nationwide shortfall that affected 11% of pumps, up from 9% two days earlier. Diesel prices hit approximately €2.41 per liter, sitting near record highs, while 15% of stations in Pays de la Loire also reported shortages. The French government stated that strategic stocks are adequate and identified logistics rather than supply as the primary driver of the disruptions.
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