France releases 10 million barrels from strategic reserves, fuel prices fall

The French government’s decision to release 10 million barrels of oil from strategic reserves has led to lower fuel prices in the country. Some of the sector’s major companies have announced they will lower prices at their filling stations, aiming to ease the financial burden on consumers. On October 31, a liter of diesel in France cost an average of around 2.37 euros. After the announcement that strategic reserves would be used, several companies decided to offer lower prices.