France to Release 10 Million Barrels of Diesel From Strategic Reserves as Fuel Prices Surge

France will release 10 million barrels of diesel from its strategic reserves as surging fuel prices squeeze consumers and the broader economy. Prime Minister Sébastien Lecornu is expected to make the official announcement Wednesday evening, France Info and France Télévisions report.

The move is France's national contribution to a broader coordinated effort. Earlier in October, G7 leaders agreed, following heavy pressure from the Trump administration, to release up to 100 million barrels of diesel and crude oil over four months through the International Energy Agency. France, which holds one of the largest emergency diesel stockpiles in the EU alongside Germany, had itself proposed the IEA-coordinated release at the start of October. Lecornu's announcement Wednesday is expected to be paired with remarks on student protests, the agricultural crisis and France's deteriorating fiscal position as borrowing costs climb.