The French President, Emmanuel Macron, is pushing for the fuel industry to sell their products at the cost price.

PARIS – French President Emmanuel Macron  army to step in

On Sunday, the government announced its intention to request the assistance of the military. fuel industry to sell at cost price 

To mitigate the effects of inflation on households, a sum of 100 euros ($106.52) will be given as aid to the least affluent employees who commute to work.

engage

This week, the Prime Minister will convene all stakeholders in the industry and invite them to participate. sell at cost price

This means that nobody earns a profit.Mr. Macron 

Stated during an interview on the French television channels TF1 and France 2.

He suggested that we focus on preventing excessive margins during the refining process.

Mr. Macron open

The government initially aimed to incentivize retailers to open. sell fuel below cost 

“By temporarily lifting a restriction on this action, which was previously prohibited.” industry 

Heavily denied due to being too expensive.

On food prices Macron  prices

“The government has expressed a desire for a moderate margin agreement, alleging that large corporations have kept prices at a high level.” price

Despite a decrease in inflation, there are still concerns.

“Price freezing doesn’t work,” he said. We must “put everyone around the table, and find an agreement on the margins”, he said, adding that a proposal would be put forward next week.

In an interview with the weekly JDD on Sunday, Michel-Edouard Leclerc, the leader of the hypermarket chain E.Leclerc, stated that fuel 

“Constitutes approximately 20% to 25% of sales for certain retailers, rendering it implausible for the remainder of our accounts to” sell 

Feeling confused and uncertain.