Sale of fuel “at a loss”: a bill “very quickly” in Parliament, assures Véran

by time news

2023-09-17 14:56:41

The bill which will allow distributors to sell fuel “at a loss” for a few months “will arrive very quickly” before Parliament, government spokesperson Olivier Véran said on Sunday. “There is a law that will arrive very quickly (…), it is imminent,” declared the minister, guest of the RTL-Le Figaro-M 6 Grand Jury. “We are not saying that gasoline will drop to 1.40 euros in all stations for six months. It is said that there may be commercial operations,” he added.

Many distributors have carried out fuel sales operations at cost price in recent months, but resale at a loss has been prohibited in France since 1963. Élisabeth Borne announced on Saturday that the government wishes to authorize it on an exceptional basis in order to “lower raise prices” and fight against inflation.

On Sunday, LFI coordinator Manuel Bompard denounced on France 3 “jokes” and “appetizers” put in place by the executive. He called for “getting away from the logic of incantation” and “blocking fuel prices at, roughly, 1.50 euros”.

“DIY”

On BFMTV, the president of Reconquête! Éric Zemmour criticized “tinkering” by the government, pleading for a tax cut.

The bill which will be presented to Parliament will also aim to accelerate the timetable for annual negotiations between producers and distributors. “In a period with inflation, with volatility in the prices of raw materials (…) this justifies allowing mass distribution to get back to the table with manufacturers,” noted Olivier Véran.

Fuel prices in France have risen regularly this summer: at the beginning of September on average, SP95-E10 sold at 1.9359 euros per liter (+0.9 cents compared to the previous week), diesel at 1.88 euro (+ 2.3 cents) and the SP-98 at 2 euros (stable): prices which had not been so high since April for gasoline and February for diesel, according to statistics from the Ministry of Transition ecological.

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