French PM pledges cash to help drivers cope with rising energy prices

Follow us on Social Media

Social sharing
1000x563 cmsv2 6f972e06 fdd7 5013 9142 2c69c71a6bc2 6160740

French Prime Minister Jean Castex on Thursday pledged a €100 check to all French people earning less than €2,000 a month to help them cope with rising energy prices.

The move comes amid growing public discontent over a global energy crunch that is hitting just as many households are struggling to recover from the pandemic economic crisis.

The measure will enter into force in December, Castex told TF1 television, and will benefit to an estimated 38 million French citizens.

The French leader also said the government would “lock” the regulated rate of gas throughout the year 2022.

Gas prices have soared this year to €95 from about €19 per megawatt-hour, affecting everything from household heating bills to farmers and food producers.

Lower-income households are hardest hit because they spend a higher proportion of their income on energy. Many countries have already offered energy tax cuts to ease the pain.

Castex’s announcements come as European Union leaders met on Thursday to discuss ways to ease the pain of soaring energy bills for consumers, while speeding up the transition away from polluting fossil fuels to sustainable alternatives.

Source

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About 9News Nigeria 13370 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng

Be the first to comment

Leave a Reply