France sees surge in fuel margins after Middle East escalation

Fuel distributors in France have seen an increase in profits following the escalation of the conflict in the Middle East, according to a government document reviewed by BFM and confirmed by sources cited by Franceinfo.

The internal report, prepared at the request of Prime Minister Sebastien Lecornu, indicates that fuel margins have risen above pre-conflict levels, contradicting earlier statements by government spokesperson Maud Bregeon, who had said there was no “unjustified increase” in margins.

According to the document, the average gross margin before the conflict stood at approximately 30 euro cents per litre. Since the escalation, margins have remained above that level. Diesel fuel recorded the most significant increase, reaching around 40 cents per litre. Although this figure declined in April, it continues to hover at approximately 34 cents.

Lecornu voiced concern over the pace at which fuel prices at the pump are declining, saying the drop has been slower than expected. He stressed that price increases should be followed by equally rapid decreases and criticised explanations offered by fuel distributors, including proposals to revise the system of energy certificates.

Government data also shows persistent disparities in margins, with independent filling stations reporting higher levels than large retail networks.

Authorities said discussions are ongoing over potential measures aimed at stabilizing fuel prices.

By Tamilla Hasanova