US EditionFuel Prices: Michel-Édouard Leclerc "Advocates Guilty" of Having Wrongly Anticipated a Reduction of 30 Cents
12 Articles
12 Articles
Michel-Edouard Leclerc had promised last week a drop of "about 30 cents" from the litre of fuel to the pump. He admits that it did not happen and questions the "volatility" of the price of the barrel...
The owner of the E. Leclerc centres admits that he has misanticipated the volatility of the oil markets and assumes that he will not be able to reduce prices at the pump.
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Michel-Édouard Leclerc had announced that this decline would take place in two stages, first 23 cents and then seven cents. He came back to his remarks this Thursday, "proclaiming guilty".
The boss of the strategic committee of the E.Leclerc centres finally "pled guilty" for having promised a reduction in the price of fuels "between 27 and 30 cents for the consumer".
The drop in the price of fuel at the pump, announced last week by Michel-Edouard Leclerc, did not take place. Michel-Edouard Leclerc "advocates guilty" this Thursday with the AFP.
Comment by Marie de Greef-Madelin and Frédéric PayaThe conflict in the Middle East worries the French who saw the prices at the pump fly away. You promised a drop of 30 cents. What is your real margin of manoeuvre?In forty years of trade, and while I myself created the fuel sector in the E. Leclerc centres, I have never experienced such price volatility. The current crisis is affecting all of us European countries. It is only in France that we f…
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