""I plead guilty to having overestimated our ability to continue selling at lower prices," Leclerc stated, acknowledging the raised expectations among drivers and expressing regret for not anticipating market volatility."
"Leclerc suggested that as petrol stations restock, prices could fall by €0.23 per litre, followed by a further €0.07 drop, totaling an expected decrease of roughly €0.30 per litre."
"Despite the mistake regarding price expectations, Leclerc remains one of the cheapest outlets for fuel in France, indicating a commitment to competitive pricing."
"Coopérative U's CEO also raised expectations for falling prices, but later acknowledged that any reductions have been modest and inconsistent, reflecting broader market challenges."
Michel-Edouard Leclerc, head of Leclerc supermarket group, acknowledged he was wrong about a significant drop in fuel prices. He had previously suggested a reduction of around €0.30 per litre, which did not materialize. Leclerc expressed regret for raising expectations and not anticipating market volatility. Although some minor price reductions occurred, they were not consistent across Leclerc gas stations. Total Energies announced a temporary cap on fuel prices, but broader reductions have been modest and inconsistent across the market.
Read at The Local France
Unable to calculate read time
Collection
[
|
...
]