French government plans to allow the sale of fuel at a loss to help contain inflation

<p>The Prime Minister of France Elisabeth Borne spoke in interview and dropped the news in that the government plans to allow gas stations to sell fuel at a loss. A 1963 law prohibits this but that law will be overridden for a period a limited period of a “few months.” </p><ul><li>She ruled out the government cutting fuel duties.
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“With this unprecedented measure, we will get tangible results for French people without subsidizing fuel” </li></ul><p>(Last year, the government directly subsidized fuel costs for households)</p><p>Info comes via a Bloomberg report (gated). I was curious about that 1963 law but there are no further details.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.