Fuel prices: a decree for the release of strategic diesel stocks published in the "Official Journal"

A decree published on October 24 outlines economic conditions for releasing strategic diesel stocks, aiming to reduce prices for consumers starting November 1. The government plans to sell up to 1.6 million cubic meters of diesel, potentially lowering prices by 12 to 18 cents per liter. Distributors are required to pass on the price reduction fully and inform consumers prior to sales. Regular reporting on sales and price impacts will be mandated for oversight. Additionally, a separate decree extends aid for non-road diesel purchases for agricultural work until December, with significant funds already disbursed to farmers. TotalEnergies' CEO pledged to lower diesel prices in response to the government's actions.