Kathleen Blanco has signed a bill into law abolishing a mandatory 6 percent
markup on motor fuels in Louisiana. The new rule took effect June 29.
The new law also prevents retailers from selling gasoline and
diesel at prices below what they paid for it. The rule, however, provides that
discounts offered through credit, debit or shopping cards, as well as for
promotional purposes, grand openings, anniversaries or promotional sales, shall
not be considered in determining whether a sale is below cost.
said the new law will promote competition by leveling the playing field for
fuel retailers, making sure large companies cannot drive smaller businesses
from the market by selling fuel at a loss, The Advocate in Baton Rouge,
new rule, previously HB763, is not expected to have much effect on prices at