Economy
How European governments are trying to ease the fuel price shock
European governments are cutting fuel taxes, offering subsidies and adjusting energy rules to ease the impact of record petrol and diesel prices. France, Germany and Spain are among those expanding support, while the EU faces the added risk of possible US restrictions on diesel exports.
Business
Surging prices, voters’ anger: France’s fuel crisis hits the campaign
In recent weeks, fishermen have blocked oil depots and port entrances in the south of France, while farmers have staged demonstrations over rising fuel prices. Fuel is set to become a major political flashpoint, just seven months away from France's elections.
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Business
Italy extends diesel excise cut by one week: set to be last general discount
The Italian government has extended the discount on diesel at petrol stations: the 17.1 cent per litre cut will remain in force until 17 September. It is the 15th measure to curb rising fuel prices, with an overall cost of about €2.7 billion.
Russia
Russia runs out of petrol at seven in 10 stations as fuel crisis worsens
Ukrainian drone campaign on Russia's energy infrastructure has caused fuel shortages so severe that the Kremlin has admitted it. Queues in Moscow are forming for the first time, and Russia has brought back banned low-grade fuel to plug the gap, while detaining residents who complained publicly.
