Overview
- Retail pump prices have climbed to multi‑year highs with diesel around €2.35 per litre and SP95‑E10 above €2.10 per litre.
- Renewed tensions in the Middle East that have disrupted the Strait of Hormuz and Bab el‑Mandeb are reducing oil flows and lifting global prices.
- President Emmanuel Macron demanded a 'total mobilisation' on supply and prices, and Prime Minister Sébastien Lecornu asked ministers on Wednesday to prolong targeted fuel aids through December 31.
- The government raised sector support levels so fishermen receive €0.35 per litre, BTP firms €0.20 per litre for non‑road diesel, and farmers €0.15 per litre, while supply frictions affect about 10% of stations, mainly on the TotalEnergies network.
- Experts warn prices could rise further toward €2.50 or higher, public concern is high with 88% fearing a Gilets jaunes–style return, and fiscal and EU state‑aid limits constrain broader universal subsidies.