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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 [email protected] to c/[email protected]

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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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[–] [email protected] 9 points 1 year ago

That's the reason it's banned in the first place.

Large companies would come into a market and sell their products for huge losses until the local competition went bankrupt. After the competition is gone, prices would go much higher than they were before.