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Reuters

France scales up targeted fuel price relief, says finance minister

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France scales up targeted fuel price relief, says finance minister
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France will expand targeted energy relief for households hit hardest by soaring fuel prices, Finance Minister Roland Lescure said Tuesday in Paris. The measures respond to a surge in costs linked to the Middle East conflict, which has fueled protests including by fishermen who blocked Mediterranean ports last week. Under the latest package, aid for low-income, high-mileage commuters will be doubled and extended to 5.5 million people, up from 3 million. The government also extended support through end-December for sectors including fishing, farming and construction. The new plan costs €450 million, bringing total spending so far to €1.4 billion, as borrowing costs worsen public-finance pressure.

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