France sees soaring fuel prices

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France sees soaring fuel prices

STORY: France sees soaring fuel prices DATELINE: March 16, 2022 LENGTH: 00:00:54 LOCATION: Paris CATEGORY: ECONOMY SHOTLIST: 1. various of a petrol station in France STORYLINE: The price of petrol now exceeds two euros (2.19 U.S. dollars) per liter in France because of the Ukraine crisis, putting a severe strain on business and household budgets. In mid-February, the average price of petrol in France was 1.70 euros per liter. Following the Ukraine crisis in the last days of February, the price rocketed to over two euros per liter within a few days. Starting from Monday, petrol stations of France's major retail brands have introduced an average decrease of around 35 eurocents per liter. The French prime minister has also said that from April 1, all French citizens who use petrol will be reimbursed 15 eurocents per liter, which will be in effect for four months. According to the Bank of France, the annual inflation rate in the country is expected to reach 3.7 percent this year. Xinhua N

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