2023-09-21 18:20:52
Philippe Folgado // Photo credit: JOEL SAGET / AFP
The sale of fuels at a loss continues to be controversial. The idea launched by the government of Élisabeth Borne is widely rejected by major distributors. For Michel-Édouard Leclerc, guest on Punchline by Laurence Ferrari on Europe 1 and CNews, such a measure would even have consequences on the price of food.
The government thought that letting gas stations sell at a loss was a good idea for the purchasing power of the French, and this ultimately turns into a real headache for the executive, because this is not the opinion of the major distributors. Michel-Édouard Leclerc, president of the Strategic Committee of the E.Leclerc centers, spoke for the first time since the start of the controversy, at the microphone of Laurence Ferrari in the show Punchline. He clearly explains his refusal to implement such a measure.
“It’s not a good idea”
“All the distributors responded negatively. Firstly because we do not know how to sell at a loss.” Furthermore, according to Michel-Édouard Leclerc, selling at a loss would have significant financial consequences on the group, starting with employees who would lose their purchasing power: “for our employees, that means no participation, no interest , no bonus, it’s not a good thing.”
And who says selling at a loss, says that it will have to be compensated elsewhere. And in the case of the Leclerc group, the compensation would go towards an increase in food prices, prices which are already high due to inflation which has been affecting France for several months. “Lowering fuel prices by 2 or 3 cents, which is our margin, even if they are considerable amounts in financial terms, would require further raising the prices of food or everyday consumption. is not a good idea”, concluded Michel-Édouard Leclerc at the microphone of Laurence Ferrari.
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