The French government on Thursday unveiled a new subsidy package aimed at helping households and key industries cope with rising fuel prices, with the measures expected to cost around 710 million euros (about 770 million U.S. dollars).
The new package brings the total government support to close to 1.2 billion euros, including 470 million euros in previously announced aid, French Prime Minister Sebastien Lecornu said at a press conference.
The government's priority now is to ensure that the country must keep running as the situation in the Middle East is unlikely to return to normal before the summer or autumn, said Lecornu.
The French prime minister ruled out a broad reduction in fuel taxes, saying such a move would be "very costly" for public finances.
He promised that the government will not propose tax hikes in the 2027 budget.
The prime minister also said that accelerating the nation's electrification strategy remains a core priority to reduce dependence on fossil fuels and enhance long-term energy resilience.
France unveils 710-mln-euro subsidy package to ease fuel price burden
