22-June-2024
Economy News
 
France govt plans to allow selling fuel at loss to curb inflation
18-Sep-2023

The French government plans to allow gas stations to sell fuel at a loss, overriding a law from 1963, as it struggles to find new ways of containing inflation without adding to vast sums of public money already spent. Prime Minister Elisabeth Borne said in an interview with Le Parisien that the law would be suspended for a limited period of a “few months.” Such a move would in theory allow greater competition between distributors, who could cut prices below costs and aim to make up lost margin with sales of other products and services.

News Source:- https://www.business-standard.com/world-news/france-govt-plans-to-allow-selling-fuel-at-loss-to-curb-inflation-123091701006_1.html