Remember Cameron's promise of a road fuel price stabiliser? Then he told us it was TOO difficult; well - the French Government AND the oil companies have REDUCED the price of road fuel – and French fuel was cheaper than ours to start with, especially diesel.
http://money.aol.co.uk/2012/08/28/shoul ... price-cut/Quote:
The French are taking drastic action to keep prices at the pump from spiraling out of control. It was a key part of Francois Hollande's election promises, and he has come good, with the announcement that the country will spend €300 million keeping prices down.
Quote:
The cut in prices is coming as a combination of slashed profits for fuel companies, and a major cut in fuel duty. For three months the oil companies have agreed to cut three cents off the cost of a litre, and take the hit on their bottom line. Meanwhile, the state will cut three cents a litre off fuel duty, losing €300 million in duty as a result. It means an overall cut of six cents a litre.
Quote:
After the initial temporary cut, the finance minister said there would be a permanent mechanism in place to keep prices more affordable for the long term.