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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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[–] geissi@feddit.de 17 points 1 year ago (1 children)

It probably only drives those who can’t afford sell-at-loss prices into insolvency

That's exactly why it's generally not allowed.
I also don't really see what should motivate petrol companies to keep prices low after pricing out smaller competitors.

[–] anachronist@midwest.social 5 points 1 year ago

France is run by neoliberal dipshits now. They probably have decided that they want the small places out of business to "improve efficiency." Also short-termist deregulation policies that leave everyone off worse in the long run is kinda their bag.