Ceasefire between the United States and Iran: Sébastien Lecornu calls for a rapid decrease in pump prices.

Ahead of a meeting involving all actors in the oil industry at the Ministry of Economy on Thursday, April 9, 2026, Prime Minister Sébastien Lecornu called for a quick decrease in pump prices for French consumers. “When the crisis started, prices rose very quickly at the pump, even though the tanks had been purchased and filled before the war began,” he said, following a ceasefire agreement between Iran and the United States. “While the government can understand that there may be a three or four-day delay between the start of this ceasefire and the impact at the pump, it is obvious that the effects should be visible at the pump by the end of the weekend, beginning of next week,” the Prime Minister declared Wednesday before the Senate. “In France, fuel prices could drop by ‘five to 10 cents’ per liter ‘very quickly’, according to the president of the French Union of Petroleum Industries (Ufip), Olivier Gantois.”

Prime Minister Lecornu also mentioned “regulatory measures” that will be taken by the Minister of Transport “to allow exceptional logistics to be carried out at night, on weekends, and to solve supply issues at gas stations.” The government will also “continue” its “support and targeted assistance policy,” added Philippe Tabarot, mentioning “a new support tool for our farmers” that will be detailed by the Minister of Agriculture, Annie Genevard.

On Friday, March 27, the executive had announced a plan of more than 70 million euros in aid for sectors most affected by the surge in fuel prices: fishing, agriculture, and transportation.

Technical Rebound or Sustainable Trend?

The price of European gas dropped by about 20% on Wednesday at market opening, following the same trend as oil, which fell below $100 per barrel, just a few hours after the ceasefire announcement. It is “clearly beneficial for the markets as it directly reduces the risk of an inflation and growth shock driven by oil,” summarizes Stephen Dover, director of the Franklin Templeton Institute. “The big question now is whether this is simply a technical rebound or the start of a more sustainable movement,” adds Fawad Razaqzada, a market analyst for forex.com, echoing the sentiments of many analysts.

With AFP