economic

Diesel Hits Record €2.41/Litre as Fuel Crisis Triggers Emergency Matignon Meetings

| France

French diesel prices reached a historic high of €2.41 per litre and SP95-E10 topped €2.17, driven by the disruption of Middle Eastern oil flows through the Strait of Hormuz amid the ongoing regional war. With roughly 17% of French filling stations reporting shortages of at least one fuel type, Prime Minister Sébastien Lecornu convened two emergency meetings at Matignon — one on oil and gas supply, another on short-term aid for citizens — with a retail price cap modeled on Luxembourg and Belgium under consideration for early 2027.

Fuel prices display record highs at a French filling station amid supply disruptions.
Fuel prices display record highs at a French filling station amid supply disruptions. — Euronews