HomeDebt MarketFrance to extend targeted fuel aid measures until end of year

France to extend targeted fuel aid measures until end of year

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PARIS, Sept 16 (Reuters) - ‌French Prime Minister Sebastien Lecornu has asked ​ministers to extend targeted support for sectors hit hard by ⁠surging fuel prices stemming from the Iran war until the end of the year, Lecornu's office said on ​Wednesday. "The aim is to preserve economic activity, jobs and growth while ‌giving companies visibility until the end of the year," the statement said.

• French unions across multiple sectors held a ⁠day of strikes on Tuesday to protest issues ⁠from pay rates to rising fuel prices, with the power union throttling electricity supply and halting gas transit and other workers joining marches.

• The French government is ‌due to present a budget proposal soon, a particularly ⁠delicate exercise, with Paris seeking to ‌keep the deficit under control ahead ​of the 2027 presidential election.

• For fishermen, the fuel subsidy will increase from 25 to 35 centimes per ‌litre.

• For eligible construction and public ​works companies, the support ⁠will be extended at a rate of 20 ‌centimes per litre of ⁠non-road diesel.

• For farmers, the subsidy of 15 centimes per litre will also be extended. This scheme will be ​adapted to form ‌part of the emergency response to drought.

• The fuel support ⁠will complement other aid ​measures under the agricultural emergency plan.

(Reporting by Dominique Vidalon; ​Editing by Rod Nickel)

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