France cut fuel prices by 6c

France has cut the price of petrol and diesel by up to 6c per litre in a move aimed at fulfilling a key campaign pledge of president Francois Hollande.

Announcing the move following a meeting with oil industry leaders, finance minister Pierre Moscovici said oil companies have agreed to cut prices by one to three cents a litre, and the government will take another three cents off through a cut in fuel taxes.