On 31 March 2025, the French administration published a circular updating the duties and taxes applicable to energy products as of 1 April 2025. This update notably includes changes to the levy rates collected on behalf of the Comité Professionnel des Stocks Stratégiques Pétroliers (CPSSP – Professional Committee for Strategic Petroleum Reserves).
Tax Adjustments for Energy Products
Each year, taxes and levies on energy products are reviewed to adapt fiscal policies to economic changes and strategic storage requirements. Since 1 April 2025, the new rates defined by this circular have been in effect.
The official document, available on the French Customs website (link here), provides full details of the tariff modifications. Among these, the revision of contributions to the CPSSP is particularly noteworthy.
The Role of the CPSSP and the Impact of These Changes
The CPSSP plays a key role in France’s energy security by ensuring a sufficient level of strategic petroleum reserves. The levy collected from industry players funds these reserves and ensures their management.
Adjustments to the levy rates may have an impact on the cost of petroleum products for businesses and consumers, particularly in the context of the energy transition and market volatility.
Key Takeaways
A new tax circular was published by the French administration on 31 March 2025.
The CPSSP levy rates have
been adjusted.
It has modified the duties and taxes applicable to energy products since 1 April 2025.
These changes aim to ensure the financing of strategic petroleum reserves.
Industry professionals are encouraged to consult the official text to fully understand the impact of these adjustments on their activities.
