TotalEnergies extends the cap to 1.99 euros “as long as prices remain high”

by time news

2023-09-12 08:24:56

The oil group TotalEnergies, which manages a third of the service stations in France, announced Tuesday September 12 that it will extend next year the cap to 1.99 euros per liter on the price of gasoline and diesel in its 3,400 stations, “as long as prices remain high”.

Announced in February 2023, “the cap at 1.99 euros/liter will be extended beyond the end of 2023, as long as prices remain high”indicated the group in a press release, while the government which brings together fuel distributors Tuesday morning requested a “solidarity effort”.

According to TotalEnergies, the capping is activated today in 2,600 of its stations, on SP-95, SP-98 and diesel.

“Responsibilities”

Minister Agnès Pannier-Runacher said at the same time on RMC that she was in contact with “Systeme U, Carrefour and other major retail players” and she “believes that there will indeed be other announcements”. “I thank Total and Intermarché for taking their responsibilities, and I expect other fuel suppliers and distributors” let them do the same, she added.

Intermarché has announced that it will sell its fuels at cost price on the last weekend of the month.

Fuel prices in France have risen this summer: last week on average, SP95-E10 sold at 1.9359 euros per liter (+0.9 cents compared to the previous week), diesel at 1.88 euro (+2.3 cents) and the SP-98 at €2 (stable): prices which had not been so high since April for gasoline and February for diesel, according to statistics from the Ministry of Transition energy.

#TotalEnergies #extends #cap #euros #long #prices #remain #high

You may also like

Leave a Comment