Open

Coming up

Don't miss

Replay


LATEST SHOWS

REVISITED

In Prijedor, survivors fight to keep memory alive

Read more

FOCUS

Bosnia: Hopes of change among disempowered citizens

Read more

IN THE PAPERS

¡Gracias, Gabo!

Read more

IN THE PAPERS

The Socialist rebellion grows

Read more

MEDIAWATCH

Algerian election: Bouteflika votes in wheelchair

Read more

REPORTERS

Indian election: Votes for sale

Read more

BUSINESS DAILY

Can Weibo win over US investors?

Read more

DEBATE

Algeria: What's the Choice? Incumbent Bouteflika Votes in Wheelchair (part 2)

Read more

DEBATE

Algeria: What's the Choice? Incumbent Bouteflika Votes in Wheelchair

Read more

  • Abel Ferrara’s hotly awaited DSK film to premiere on web

    Read more

  • Police seek arrest warrant for South Korea ferry captain

    Read more

  • Top Hollande adviser resigns over conflict of interest accusation

    Read more

  • In Prijedor, survivors fight to keep memory alive

    Read more

  • Indian election: Votes for sale

    Read more

  • Video: Tensions remain high in Mariupol despite Geneva deal

    Read more

  • Astronomers discover Earth-like planet that could support life

    Read more

  • West African Ebola outbreak caused by new strain of virus

    Read more

  • Nobel-winning Colombian writer Gabriel Garcia Marquez dies at 87

    Read more

  • Deadly avalanche strikes Everest in worst-ever disaster

    Read more

  • With a strong French presence, veterans and fresh faces, Cannes aims to please

    Read more

  • Low turnout reported in Algeria as Bouteflika seeks fourth term

    Read more

  • Russia and West agree on steps to ease Ukraine crisis

    Read more

  • Mob launches deadly attack on UN shelter for S. Sudan civilians

    Read more

  • Eurostar train mishap causes 'severe' delays

    Read more

  • Chelsea Clinton announces she's pregnant

    Read more

  • French troops free five aid workers kidnapped in Mali by Islamists

    Read more

  • In pictures: Iranian woman pardons son’s killer at the gallows

    Read more

  • After cup defeat, Spanish pundits read last rites for Barcelona

    Read more

  • India heads to polls in single largest day of voting

    Read more

  • Ukraine talks open in Geneva as Putin talks tough on TV

    Read more

  • Pro-Russian separatists killed in attack on Black Sea base

    Read more

  • Man executed in Texas for 2002 triple murder

    Read more

  • Scandal-hit French doctor Jacques Servier dies at 92

    Read more

  • Belgian head of wildlife reserve shot in DR Congo

    Read more

France

French govt to intervene as fuel prices rise again

©

Text by FRANCE 24

Latest update : 2012-08-14

Diesel fuel and petrol prices are rising again, and the French government has said it will honour campaign promises to put a temporary cap on the cost of fuel at the pumps.

The French government has promised to intervene to stop the rising wholesale cost of petrol and diesel from affecting drivers filling their cars at the pumps.

Price rises of around 2 cents a litre in the last week have worried motorists, after the cost of fuel dipped after a peak at the beginning of April.

Diesel, by far the most popular fuel used by French motorists, now costs an average 1.42 euros per litre according to government figures released this week. Petrol is selling for an average 1.60 euros.

Finance Minister Pierre Moscovici told Europe 1 radio on Tuesday that there was “no question” of further price rises at the pump and that the government was studying ways to offset the cost.

Promising an announcement by the end of August, Moscovici said fuel prices could be kept lower by either a direct enforcement (which would mean lowering fuel taxes), subsidies for those most in need, or by tightening regulation on suppliers.

“There is a distinct lack of transparency on the supply side, from refineries to distribution,” he added.

During his (ultimately successful) election campaign, Socialist President François Hollande promised that he would place a temporary cap on fuel prices during price peaks and that the government would work out a “floating tax” system for petrol and diesel.

But this promise fell off Hollande’s agenda as prices had peaked before his election in June.

The recent spike in fuel price is due to an increase in the cost of crude and a weakening of the euro against the US dollar, the currency that oil is traded in.

Date created : 2012-08-14

  • FRANCE

    France gives green light to holiday home tax hike

    Read more

  • FRANCE

    French speed cameras pull in multimillion cash haul

    Read more

  • FRANCE

    Hollande’s ethical diplomacy called into question

    Read more

Comments

COMMENT(S)