India, May 22 -- France has unveiled a sweeping new 710 million (824 million) emergency fuel relief package as the economic shock from the Iran crisis deepens across Europe, pushing gasoline and diesel prices to their highest levels in years and triggering fears of a wider inflation and transport crisis.

The latest intervention raises France's total fuel-crisis support to nearly 1.2 billion, with the government extending aid programs for sectors already battered by the surge in energy costs linked to disruptions in the Strait of Hormuz crisis.

French Prime Minister Sebastien Lecornu said Paris would reject broad fuel tax cuts despite mounting public pressure, insisting the government would instead target support toward industries and wo...