This is where my head starts to spin a bit...France, apparently has 3 months supply of oil within the country...so WTF are they doing increasing prices massively within days of the middle east shenanigans.....
I should imagine that’s (in part at least) the government’s strategic reserve, not the amount held by Total etc etc. Similarly, some part might well have been brought forward, ie. for delivery in May, June and July, which all counts to a three month reserve…. Assuming it turns up.
All governments don’t mind a bit of a fuel price hike, as it produces an increased tax revenue. They can turn their eye away from the inflationary aspect it brings.
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