French Prime Minister Sébastien Lecornu announced new measures intended to ease the financial burden on households caused by rising fuel and electricity prices. These issues have become a central topic in the current presidential election, as voters express concern over their purchasing power. Lecornu emphasized that his actions are aimed at addressing public frustration, particularly regarding the high cost of fuel.
As part of his plan, the Prime Minister announced that 10 million barrels of diesel from France's strategic reserves will be made available to fuel distributors at cost price. This move is expected to reduce the price of diesel at the pump by 12 to 18 cents per liter. Lecornu assured that this initiative will not affect the national budget and confirmed that he will meet with fuel distributors at the Matignon palace soon to discuss the implementation of the plan.
In addition to addressing fuel prices, Lecornu urged EDF, the main electricity company in France, to maximize its production capacity to prevent electricity prices from increasing during the winter months. This is a crucial step in maintaining stability in energy costs during a time of year when demand is typically higher.
Lecornu also reiterated his commitment to reducing the public deficit to 5% of France's gross domestic product by 2027. However, he acknowledged that this goal is under pressure, as the deficit rose to 5.4% in 2026. The Prime Minister noted that the upcoming budget is being closely watched by financial markets, and its approval is uncertain due to the lack of a clear majority in the National Assembly and the ongoing presidential campaign.
French Government Announces Measures to Address Fuel and Electricity Prices Amid Political and Economic Challenges
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