France Plans Release of 10 Million Barrels of Diesel to Ease Pump Prices

France plans to release 10 million barrels of diesel from its strategic reserves to ease rising fuel costs for consumers. Prime Minister Sebastien Lecornu said the fuel would be supplied to distributors for three months at cost price. The government expects the measure to lower diesel prices by 12 to 18 euro cents per litre. The move follows tight diesel supplies and wider energy-market disruptions. Analysts say the reserve release may offer temporary relief, as the stocks will eventually need to be replenished if supply shortages continue.

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