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Macron Says France to Ask Oil Industry to Sell Fuels at Cost
French President Emmanuel Macron said he will push the country’s oil sector to sell gasoline and diesel at cost as the government seeks to mitigate the impact of surging prices for households without spending vast sums of public money. France has put on hold previous plans to allow gas stations to sell at a loss amid pushback from small operators. Macron said he would keep that as a threat, however, when Prime Minister Elisabeth Borne meets with all players in the sector this week to demand greater transparency on margins and request they sell at cost. “There is one thing we can take action on and that is acting ... (full story)
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- Posted: Sep 24, 2023 6:36pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 110
