G7 countries to release diesel reserves as prices surge – what we know

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Skip to contentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Membership today.Join todayAlready a member? Log inWill Meakin-Durrant & Nina LloydFriday 02 October 2026 16:09 BSTUS tells Germany & France to release diesel stocksG7 leaders have agreed to release 100 million barrels of strategic petroleum reserves over four months to stabilise global energy markets.French president Emmanuel Macron announced the decision following a virtual meeting focused on curbing rising petroleum and diesel prices.The coordinated initiative includes an immediate, frontloaded substantial release of diesel within the first 20 days.Member countries pledged to avoid energy trade restrictions among partners and to coordinate refinery maintenance schedules to boost production.Foreign secretary Ed Miliband represented the UK during the discussions while the prime minister attended his father's funeral.In fullEurope to release ‘massive amount of diesel’ after Trump’s supply threatMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in