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France faces fuel shortages at gas stations

RT
France faces fuel shortages at gas stations

Nearly 20% of French gas stations have run out of fuel due to price caps and Middle East war disruptions, according to the energy ministry.

Fuel supplies have been strained throughout France due to capped prices and disruptions from the Middle East war. Shortages have been worsening at filling stations, with around 18% of them having run out of at least one type of fuel, according to Energy Minister Delegate Maud Bregeon. Demand has risen amid capped prices, as Middle East war disruptions have pushed global energy costs higher.

The disruptions have been most pronounced at sites operated by TotalEnergies, which account for the majority of affected stations after capping prices below market levels and drawing increased traffic, Bregeon said on Tuesday. TotalEnergies maintained a price cap of โ‚ฌ1.99 per liter for unleaded petrol in April, while raising the cap on diesel to โ‚ฌ2.25, bringing it closer to market levels. The company had previously warned that traffic across its network increased sharply since mid-March, warning of "localized supply tensions," particularly for diesel.

Authorities have blamed logistical issues linked to holiday delivery slowdowns rather than a national supply shortage, claiming most stations will be restocked in the coming days. However, rising diesel and gasoline prices have driven up costs for businesses and households, prompting protests in parts of France. Roadblocks have been set up around Nantes by truckers and construction firms, while fishermen in Corsica have blocked ports. The response echoed the widespread fuel price protests that took place during the 2018โ€“2019 Yellow Vests movement.

The US-Israeli war against Iran has added pressure to global energy markets, driving oil prices higher and increasing fuel costs for consumers worldwide. The conflict has effectively choked flows through the Strait of Hormuz, a key route that accounts for around a fifth of the global oil supply. The EU has already been grappling with the fallout from its decision to cut energy ties with Russia following the escalation of the Ukraine conflict, alongside the costs of its green transition policies. The European Commission has said there will be no return to Russian energy, and it will continue to pursue a full phase-out of the countryโ€™s fossil fuels by 2027. However, earlier this month it put plans for a complete ban on oil from Russia on hold, due to what some officials have reportedly called "current geopolitical developments."

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