Fuels: Sébastien Lecornu will present new aid on Thursday, while prices are at their highest since the start of the war in the Middle East

Sébastien Lecornu will hold a press conference on Thursday dedicated to the impact of the war in the Middle East, during which he will present a “new package” of aid for the month of June intended for the sectors most affected by the rise in fuel prices, Matignon announced on Sunday.

The Prime Minister “will unveil on this occasion the new fuel aid system for the month of June”which aim to “protect working French people and the economic sectors most affected from the effects of rising prices for oil and related products”according to a message from his press services.

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The price of gasoline in France was at its highest on Sunday since the start of the war in the Middle East, both on the SP95-E10 and on the SP98, at a time when the negotiations between Iran and the United States do not bode well for a quick outcome.

Consumption at half mast

The liter of SP95-E10 was displayed on average at 2.046 euros per liter, or around 33 cents more than on February 27 – the day before the first Israeli-American strikes on Iran -, according to an AFP calculation carried out on the prices reported by some 7,206 stations at a government site. The increase is almost 19% compared to February 27.

The SP98 reached 2.139 euros per liter, according to an average over 7,218 stations, an increase of just over 31 cents compared to the same period. The increase is more than 17% compared to February 27. As for diesel, the most consumed fuel in France, it was at high levels, at 2.145 euros per liter but far from its highest, at 2.387 euros, at the beginning of April, according to figures reported at some 9,456 stations.

Faced with soaring prices, consumption has fallen sharply in France. “Over the first 10 days of May, fuel-related revenues fell by around 300 million euros, due to a sharp drop in consumption (-30%)”Prime Minister Sébastien Lecornu wrote on the social network