France to allow loss-making petrol sales to bust fuel inflation (www.thelocal.fr)

submitted 1 year ago* (last edited 1 year ago) by throws_lemy@lemmy.nz to c/europe@feddit.de

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The French government has announced plans to allow retailers to sell fuel at a loss - even though French law currently prohibits doing so - with hopes that the measure will bring down prices at the pump for consumers.

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[-] droans@lemmy.world 9 points 1 year ago

That's the reason it's banned in the first place.

Large companies would come into a market and sell their products for huge losses until the local competition went bankrupt. After the competition is gone, prices would go much higher than they were before.

this post was submitted on 20 Sep 2023

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