Macron wants fuel industry to sell at cost

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Paris hopes the move will stem the impact of inflation on households.

French president Emmanuel Macron’s government had initially planned to get retailers to sell fuel below cost.

“The Prime Minister will bring together all the players in the sector this week and we will ask them to sell at cost price, that is to say that no one makes a margin,” Macron said in an interview with France’s TF1 and France 2 television stations. Macron’s government had initially planned to encourage retailers to sell fuel below cost by temporarily lifting a ban on doing so, which the industry strongly rejected as being unaffordable.

 

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