Gasoline shortages and “empty” stations.. The fuel crisis hits France and the government intervenes
Hundreds of French fuel stations ran out of fuel as drivers flocked to fill their tanks, after a ceiling on fuel prices was imposed as a result of global supply disruptions caused by The Iran War.
The French Ministry of Energy stated in a statement, today, Wednesday, that 700 out of 900 stations belong to the company "Total Energies" At least one type of fuel ran out. The ministry explained that the reason is due to logistical problems, and not to a shortage of local supplies.
The repercussions of the conflict in the Middle East and the closure of the vital Strait of Hormuz deprive the world of millions of barrels of petroleum products daily. The shortage of supplies is evident everywhere, from crowded gas stations to the grounding of flights, which has led to fuel prices rising sharply.
The company announced "Total Energies"On Tuesday, the Gasoline and diesel prices at gas stations across France until April 7.
Government spokeswoman, Maude Bregon, said that less than 10% of French gas stations suffer from a shortage of some materials, and the vast majority are due to the imposition of… "Total Energies" A ceiling on prices, which led to a large demand from consumers to refuel.
The French government pledged to provide support to some sectors in an attempt to mitigate the effects of the war. This package includes 50 million euros ($58 million) in fuel aid for small and medium-sized land transport companies, 5 million euros for the fisheries sector, and 14 million euros for farmers.
Bregon, who also serves as Minister Delegate for Energy Affairs, said in a television interview on TF1 on Wednesday that "There is no risk of supply shortages at this time"
She added that France still has Strategic oil reserves amount to about 100 million barrels, and the full committed amount of 14.5 million barrels has not yet been released.
The International Energy Agency has pledged to release up to 400 million barrels of global reserves to confront the repercussions of the war in Iran, which has caused the largest disruption to oil supplies ever.
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