Minister Asks European Commission to Investigate Refinery Margins amid Fuel Price Surge
- The Minister of Economy Roland Lescure announced on Friday that he had written to the European Commission asking for an investigation into refinery margins in Europe to ensure there was “no abuse” in the context of rising fuel prices linked to the Middle East conflict.
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Full Coverage: A Month of War in the Middle East
The Minister of Economy has announced an upcoming initiative called “Flash Fuel Loan” with Bpifrance to support cash flow for small businesses most affected by the surge in fuel prices due to the Middle East conflict.
These loans, with an interest rate of 3.80%, will be “distributed via a 100% digital channel by Bpifrance,” with funds available within 7 days, according to the ministry’s statement.
“Flash fuel loan” by the Ministry of Economy to support small businesses.
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