Illustration of a French gas station with surging fuel prices at 1.99€/L amid Iran conflict tensions, showing queues and worried drivers.
Illustration of a French gas station with surging fuel prices at 1.99€/L amid Iran conflict tensions, showing queues and worried drivers.
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Fuel price surge in France amid Iran war

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Fuel prices in France have surged following Israeli-American strikes on Iran, reaching one-year highs. The government is closely monitoring the situation and has summoned distributors to verify price adjustments. TotalEnergies maintains a cap at 1.99 euros per liter in several stations.

The war in the Middle East, triggered by the first Israeli-American strikes on Tehran on February 27, 2026, has caused a surge in fuel prices across France. According to Economy Ministry data, on Wednesday March 5, the average price of SP95-E10 was 1.7858 euros per liter, up nearly 7 centimes from the previous Friday. Diesel, more affected, reached 1.8820 euros per liter, an increase of over 16 centimes. SP98 stood at 1.8917 euros and SP95 at 1.8367 euros.

In Paris and the surrounding region, prices often exceed 2 euros per liter, with 30% of stations selling diesel at that rate or higher. This sharp rise, correlated with the Brent crude surge, is fueling driver concerns. In the Var department, a station manager reported: “by late Monday evening, we had nothing left. People are afraid of the price increase. Everyone is filling up their tanks…”.

Despite this, TotalEnergies is maintaining its price cap at 1.99 euros per liter for diesel and SP98, introduced in 2023 and applied in dozens of stations, such as in Chatou (Yvelines), Paris, or Collobrières (Var). The government, through Ministers Roland Lescure, Serge Papin, and Maud Bregeon, summoned major distributors including TotalEnergies, Carrefour, and Auchan on Thursday March 6 to ensure pump prices accurately reflect oil barrel fluctuations.

Dominique Schelcher, head of Coopérative U, defended distributor margins: “they are just a few centimes per liter, regardless of the base price: we suffer these increases as much as the end customer.” The government is currently refusing to compensate the rise with aid, calling RN proposals to mitigate the impact through tax adjustments “precipitate and even political.”

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Discussions on X highlight frustration among French users over rapid fuel price hikes by distributors and supermarkets, despite cheaper pre-existing stocks, following the Iran conflict. Critics accuse the government of profiting via high taxes without providing relief and failing to curb profiteering. TotalEnergies receives mention for capping prices at 1.99 euros per liter. Left-wing figures call for blocking corporate margins to prevent superprofits. Sentiments range from anger at Macron's policies to explanations emphasizing tax contributions.

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German Economics Minister Katherina Reiche and Finance Minister Lars Klingbeil at press conference announcing fuel price cartel probe amid Iran war surges.
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Economics minister examines fuel prices for cartel violations

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Fuel prices in Germany have risen sharply due to the Iran war. Federal Economics Minister Katherina Reiche has announced a cartel law investigation into the price surges. Finance Minister Lars Klingbeil warns oil companies of consequences if they exploit the situation.

필리핀 주요 석유 회사들이 오늘 다시 연료 가격을 인상하며, 디젤과 등유가 7주 연속 상승을 기록했습니다. 인상 폭은 디젤 리터당 P1, 휘발유 및 등유 리터당 P0.60입니다. 이는 지정학적 긴장으로 인한 글로벌 유가 변동성 속에서 발생합니다.

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Oil firms in the Philippines announced another fuel price increase effective February 10, marking the fifth straight weekly rise for gasoline, while diesel and kerosene climb for a seventh week.

지정학적 리스크가 글로벌 원유 공급을 위협하는 가운데 디젤 가격이 다음 주 추가 상승할 전망이다. Jetti Petroleum 사장 Leo Bellas는 디젤 리터당 P0.20~P0.40 상승 가능성을 언급했으며, 휘발유는 리터당 P0.10 오르내릴 수 있다고 밝혔다.

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우크라이나-러시아 휴전 희망 재점화로 글로벌 공급 우려가 완화되며 다음 주 디젤 가격 소폭 하락이 예상된다. 석유 업계 전문가들은 디젤 리터당 P0.10~P0.30 하락, 케로신 약 P0.65 하락을 전망한다.

Starting January 1, 2026, gasoline and diesel prices in Mexico will increase due to the annual update of the Special Tax on Production and Services (IEPS), as announced by the Secretariat of Finance and Public Credit (SHCP). This adjustment is based on the National Consumer Price Index (INPC) for November 2025, which stood at 142.645 points.

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Following US and Israeli attacks on Iran last week, Iran has closed the Strait of Hormuz on March 1, 2026, surging global oil prices and threatening fuel costs in Kenya just before the Energy and Petroleum Regulatory Authority (EPRA) review on March 14.

 

 

 

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