TotalEnergies will maintain its cap at 1.99 euros in 2024

by time news

2023-10-18 09:55:00

TotalEnergies will maintain the cap on the price of its fuels at 1.99 euros per liter for the whole of 2024, announced Wednesday October 18, 2023, the Minister of the Economy Bruno Le Maire. The minister indicated on RTL having spoken with the CEO of the hydrocarbon giant Patrick Pouyanné, who “has made the commitment to maintain this cap at 1.99 on all fuels, for the whole of 2024”, and “in all stations”.

“I welcome this commitment because it is real protection,” said the minister.

Bruno Le Maire estimated that future prices of oil and therefore fuel will depend “on what is happening in the Middle East: if the crisis remains local, the consequences will be local. Today, they are limited, if tomorrow there is an extension of the conflict in the region, the consequences will be much heavier on energy prices,” he warned.

Efforts to be made “collectively”

“A nation advances when everyone collectively makes an effort,” said the minister. “On fuel, it works because Total has made a commitment that I welcome,” he concluded.

A measure taxing the margins of refiners – like TotalEnergies – in the 2024 draft budget currently under discussion in the National Assembly had been considered in recent weeks, but it ultimately does not appear there.

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