started · updated
TotalEnergies to maintain fuel price caps amid Middle East conflict
TotalEnergies CEO Patrick Pouyanné has announced that the company will maintain its voluntary fuel price caps in France as long as the conflict in the Middle East continues. The company is capping gasoline at €1.99 per liter and diesel at €2.25 per liter. Pouyanné noted that this measure has cost the company between €250 million and €300 million, though it has helped increase the group's market share from 22% to 25%.
However, the CEO issued an ultimatum, stating that if the French government implements a tax on energy superprofits, TotalEnergies will immediately end its price-capping program.
Simultaneously, the French government has pledged to extend fuel subsidies for vulnerable sectors, including farmers, fishermen, and transporters, as well as workers who commute long distances. Energy Minister Maud Bregeon confirmed that these sectoral aids will not be suspended, though specific details regarding the duration and scope of the extensions are still being finalized through discussions with industry stakeholders.
Entities
France · Maud Bregeon · Middle East · Patrick Pouyanne · TotalEnergies
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The cost of the fuel price capping measure has reached between 250 and 300 million euros. www.lalsace.fr · www.bienpublic.com · www.vosgesmatin.fr
- [● 3 SOURCES] As of August 29, all fuel types in France averaged above 2 euros per liter. www.lalsace.fr · www.bienpublic.com · www.vosgesmatin.fr
- [● 3 SOURCES] TotalEnergies will maintain fuel price caps as long as the conflict in the Middle East continues. www.lalsace.fr · www.bienpublic.com · www.vosgesmatin.fr
- [● 3 SOURCES] TotalEnergies' market share has increased to approximately 25% from its usual 22%. www.lalsace.fr · www.bienpublic.com · www.vosgesmatin.fr
- [● 3 SOURCES] The company will cease fuel price capping if energy superprofit taxes are implemented. www.lalsace.fr · www.bienpublic.com · www.vosgesmatin.fr