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France to release 10 million barrels of diesel reserves to curb fuel prices
En breve
French Prime Minister Sebastien Lecornu said on the evening of October 7 that France will release 10 million barrels of strategic diesel reserves over the next three months in response to recent fuel price rises, Jiemian reported, citing CCTV News. The diesel will be sold at cost and is expected to lower pump prices by about 12 to 18 euro cents per litre.
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French Prime Minister Sebastien Lecornu said in a speech on the evening of October 7, local time, that France will release 10 million barrels of diesel from its strategic reserves over the next three months in response to recent rises in fuel prices, Jiemian reported, citing CCTV News. Lecornu said the diesel had been bought before prices rose sharply and will be put on the market at cost. He said this is expected to lower diesel prices at filling stations by about 12 to 18 euro cents per litre. [ 3 , 4 ]
CLS first reported early on October 8 that France would reportedly release 10 million barrels of diesel from its reserves, and Yicai reported that France would release the reserves to respond to rising fuel prices. Jiemian also included the item in its energy morning briefing. [ 1 , 2 , 4 ]
In the same speech, Lecornu asked EDF to maximise its generating capacity for the coming winter while ensuring energy facilities operate safely, according to Jiemian. On public finances, he said the government aims to reduce the public deficit to 5% of GDP by 2027. He also announced an agricultural emergency plan and a recovery plan in response to a farm crisis caused by hot weather this summer. [ 3 ]
Por qué importa
Chinese business outlets reported the release as a response to rising fuel prices, and Jiemian carried it in its energy morning briefing. Lecornu also said the diesel had been bought before prices rose sharply and that EDF had been asked to maximise power generation ahead of winter.
Datos clave
- France will release 10 million barrels of diesel from its reserves. [ 1 , 2 , 3 , 4 ]
- The release is intended to respond to rising fuel prices. [ 2 , 3 , 4 ]
- Prime Minister Sebastien Lecornu announced the release in a speech on the evening of October 7, local time. [ 3 , 4 ]
- The diesel will be released over the next three months and sold at cost. [ 3 , 4 ]
- Lecornu said the release is expected to cut diesel prices at filling stations by about 12 to 18 euro cents per litre. [ 3 , 4 ]
- Lecornu asked EDF to maximise power generation for the coming winter while keeping energy facilities operating safely. [ 3 ]
- Lecornu said the government aims to cut the public deficit to 5% of GDP by 2027. [ 3 ]
Confirmado por varias fuentes
Aún sin aclarar
- The expected cut of 12 to 18 euro cents per litre in pump diesel prices. This is Lecornu's projection, reported only by Jiemian citing CCTV News.
- How the release will be scheduled across the three months. The documents do not say how the 10 million barrels will be distributed over the period.
Qué dicen los medios locales
Cronología, hora local
- CLS reported that France would reportedly release 10 million barrels of diesel from reserves. [ 1 ]
- Yicai reported France would release 10 million barrels of diesel reserves to respond to rising fuel prices. [ 2 ]
- Jiemian, citing CCTV News, reported details of Lecornu's October 7 evening speech. [ 3 ]
- Jiemian carried the release in its energy morning briefing. [ 4 ]