Paris/London CNN —Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. “From September 29, the 750 service stations of Leclerc hypermarkets will be selling petrol ‘at cost price’ every day. This, of course, means with no profit,” Michel-Edouard Leclerc, president of the E. Leclerc group, wrote on X, formerly Twitter, Tuesday. Making zero or very little profit on fuel sales may be new for French retailers but their US counterparts have been doing it for years. Gasoline sales at the warehouse clubs are an important part of their business and draw customers inside.

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Persons: Leclerc hypermarkets, ” Michel, Edouard Leclerc, Leclerc, Emmanuel Macron, “, ” Leclerc, ” Organizations: London CNN, Carrefour, CNN, US, Costco, BJ’s Wholesale, Sam’s Locations: Paris, London, France