Business · Economy · 1 hr ago
Leclerc expects fuel prices to fall in November under government plan
Michel-Édouard Leclerc, head of French retailer E.Leclerc, said fuel prices could fall in November.
He was speaking on Franceinfo on 12 October 2026.
Prime Minister Sébastien Lecornu was due to meet fuel retailers in Paris that day to work out how to lower prices at the pump.
The government expects the cut to be 12 to 18 cents per litre.
Its plan involves releasing 10 million barrels of diesel from strategic reserves over three months.
Leclerc called the plan a good move, but said the price drop depends on it being carried out as proposed.
Annual talks between food companies and retailers are due to begin in December, amid questions about how inflation may affect consumers.** (typo?
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Michel-Édouard Leclerc expects fuel prices to fall in November if the government’s plan is implemented as proposed.
The plan is expected to reduce pump prices by 12 to 18 cents per litre.
Prime Minister Sébastien Lecornu is meeting fuel distributors to organise the price reduction.
The plan follows the release of 10 million barrels of diesel from strategic stocks over three months.
Leclerc also discussed inflation and upcoming annual negotiations between food manufacturers and retailers.
- Who
- Michel-Édouard Leclerc, president of the E.Leclerc group, gave his assessment of the proposed fuel-price plan.
- What
- He expects fuel prices to fall in November if the plan is implemented as proposed.
- When
- He spoke on 12 October 2026. The expected price reduction is in November.
- Where
- Lecornu is meeting fuel distributors at Matignon in France.
- Why
- The plan aims to lower pump prices after 10 million barrels of diesel are released from strategic stocks over three months.
This story does not have two clearly opposing sides.
On aura une baisse de prix en novembre
si l'opération est montée tel que le gouvernement le propose
Prime Minister Sébastien Lecornu is due to meet fuel distributors at Matignon to organise the planned pump-price reduction.
Leclerc expects fuel prices to fall if the government’s plan is implemented as proposed.
Annual negotiations between the food industry and retailers are due to begin.
- Expected reduction
- 12 to 18 cents per litre
- Diesel released
- 10 million barrels
- Release period
- Three months
- Meeting date
- 12 October 2026
- Meeting place
- Matignon
Sources
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