Macron lines up more Gulf diesel as France battles soaring fuel prices

aljazeera.com · economy
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President Emmanuel Macron’s government has lined up more Gulf diesel as France deals with rapidly rising fuel prices. Supply agreements with the United Arab Emirates and Bahrain lift France’s committed purchases to 295,000 tonnes per month. That quantity is just over 10 percent of the country’s diesel consumption. The additional cargoes are intended to reinforce French fuel availability while prices remain elevated. Neither agreement’s contract price was disclosed. The announcement also left the delivery schedule and the split between the two suppliers unclear.

The UAE and Bahrain deals increase French commitments to 295,000 tonnes a month, just over 10 percent of consumption.

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