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French minister announces €70M aid to transport, fishing, and farming sectors amid fuel crisis; collage of affected workers.
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Government allocates 70 million euros to sectors hit by fuel price surge

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The French government announced a 70 million euro support plan on Friday evening for road transporters, fishermen, and farmers hit by energy price hikes from the Middle East conflict. Valid for April and renewable monthly, it provides targeted sectoral aid without worsening the public deficit. Sector reactions are mixed.

The Senate's probe into the government's response to the Middle East crisis is targeting oil companies for potential profiteering as fuel prices rise sharply. Sen. Sherwin Gatchalian voiced concerns over firms selling old fuel stocks at elevated prices. Sen. Bam Aquino called for a price freeze on essential goods.

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Federal Economics Minister Katherina Reiche (CDU) has rejected demands for an excess profits tax to address high fuel prices. She called measures like fuel vouchers misleading and proposed raising the commuter allowance instead. The price surges stem from the Iran war.

Ecopetrol's 2026 General Shareholders' Assembly at Corferias approved a $121 per share dividend distribution for minorities, as proposed by the Ministry of Hacienda. The event was marked by tensions over president Ricardo Roa's tenure amid ongoing judicial processes. The company reported $9 trillion in 2025 profits, the lowest since the pandemic.

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Starting April 24, 2026, the “Complemento Concepto para la facturación de Hidrocarburos y Petrolíferos” will take effect as part of the CFDI for gas stations selling regular, premium gasoline or diesel. Created by SAT in coordination with SENER, CNE and ATDT, it requires valid CNE permits to issue invoices. The measure aims to combat fuel theft, smuggling and corruption.

President José Antonio Kast signed the decree promulgating the “Emergencia Energética, Chile Sale Adelante” law and used the ceremony to address youth mobilized over historic fuel price hikes. He urged not harming the country further and suggested protesting without using public transport.

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As Earth Hour approaches this Saturday, its organizer emphasized that the one-hour event for the planet serves as a reminder to conserve resources at all times. Angela Consuelo Ibay of WWF-Philippines said the symbolic switch-off aims to foster habits amid the energy crisis. The Department of Energy suspended spot market operations on Thursday to ease consumer burdens.

 

 

 

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