Diesel in France dips below symbolic 1 euro per liter

Diesel in France dips below symbolic 1 euro per liter


2 photos
Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

PARIS (AP) — The price of diesel in France has slipped below 1 euro a liter for the first time since 2009 — at the height of the financial crisis. The price drop crosses a symbolic barrier that is likely to complicate government efforts to encourage cleaner transportation.

According to figures published late Monday, the average nationwide price of a liter was .99 euros.

Many European consumers prefer diesel cars because they get better mileage and are cheaper to fuel and maintain. In France, the preference is even stronger because of decades-old tax breaks the government is reluctant to lift despite evidence of health risks linked to diesel pollution. Paris Mayor Anne Hidalgo says she wants to "eradicate diesel" by 2020, but French consumers may instead be drawn to the new low prices.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast