France may give consumers refunds from surplus oil tax revenue

| 8/17/2005

Mark Twain once said, “Everybody talks about the weather, but nobody does anything about it.” The same could be said of rising oil and fuel prices of late. But at least one government appears to be taking some action.

French Prime Minister Dominique de Villepin said in a recent news conference that the French government might give surplus oil tax revenues back to consumers.

The Associated Press reported that the French government is going to set up an independent committee this fall to examine how much surplus tax money the state has collected because of rising oil prices.

“If it transpires that receipts are running ahead of those budgeted for, the amounts will be handed back to those in France who have been most directly affected,” Villepin said.

Villepin also called for further, unspecified, emergency measures to help those most directly affected by oil price increases, including truckers, farmers, fishermen and taxi drivers.