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Radio France Internationale
Radio France Internationale
National
RFI

As oil prices rise, France suggests extra tax could help phase out fossil fuels

Signs for diesel and petrol at a TotalEnergies service station in Paris, 25 March 2026. © Benoit Tessier/Reuters

As the war in the Middle East drives up prices of petrol and gas, France wants to use additional tax revenue generated to fund the country’s move away from fossil fuels – but some analysts say any extra returns are offset by rising costs and inflation.

Prime Minister Sébastien Lecornu on Wednesday instructed the government to look into using "surplus" tax revenues generated by rising fuel prices to fund measures to reduce the country's dependence on imported oil and gas, his office told news agency AFP.

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