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Economics

French Government Considers Adding to Subsidy on Fuel

The French finance minister said Saturday he would consider increasing a subsidy on fuel prices to 30 euro cents per liter from 18 cents, sending a message of compromise to conservatives in the lower house of parliament.

Right-wing Republicans have been calling for a tax cut on fuel prices to offset the impact of rising energy prices on companies and citizens, but they welcomed Bruno Le Maire’s statement. Emmanuel Macron lost his outright majority in June, forcing his government to negotiate deals on an adhoc basis with parties from the left and right.