The French president has suggested that the EU should consider capping value added tax on fuel to help countries deal with surging oil prices.

Nicolas Sarkozy warned there was no sign the oil price would dip and urged EU member states to consider his idea.

Fishermen across France are continuing to blockade ports and fuel depots in protest at rising diesel costs.

Mr Sarkozy said France, due to hold the EU’s rotating presidency from July, was not alone in suffering high fuel costs.

[Source]