France to offer fuel rebate to cushion soaring prices — PM

PARIS — France is to introduce a rebate of 0.15 euros ($0.16) per liter of transport fuel to assist drivers deal with soaring pump prices, Prime Minister Jean Castex stated in an interview with every day newspaper Le Parisien.

The measure, to apply for 4 months from April 1, is anticipated to price the federal government simply over 2 billion euros, he stated.

Retail gasoline and diesel prices soared to report highs in lots of nations internationally this week as Russia’s invasion of Ukraine added to market tensions, after economies had begun recovering from the coronavirus pandemic.

A gesture of assist for French motorists had been flagged by President Emmanuel Macron, who’s campaigning for a second time period in elections subsequent month.

Within the interview printed on Saturday, Mr. Castex stated the rebate would cowl households in addition to lorry transport and farmers.

The measure, which he stated fuel distributors ought to reinforce with their very own effort to reduce retail prices, would save a motorist 9 euros on a 60 liter tank, Mr. Castex added.

Mr. Macron has stated his authorities has already spent 20 billion euros a yr to average gasoline and energy prices. — Reuters

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