TotalEnergies deploys fuel price reduction in France until year-end
After announcing a summer discount for its customers, the oil company has committed to continue its support to those affected by the increase in energy prices.
TotalEnergies announced a large-scale fuel price reduction programme for its network of service stations in France. The initiative aims to reduce the impact of the rise of energy prices on the population by complementing the measures announced by the government and extending its reduction until the end of the year.
From September 1 to November 1, the firm will lower its petroleum fuel prices sold at forecourts by €0.20/litre compared to global market quotation prices. This will be followed by a €0.10/litre reduction from November 1 to 31 December.
“This commitment by TotalEnergies supplements the French government’s measures to provide direct support to French people’s purchasing power. Consumers are therefore our top priority since we prefer to make an immediate and direct contribution to our customers, rather than an indirect tax which would penalise our refineries,” commented Patrick Pouyanné, Chairman and CEO of TotalEnergies.
At the beginning of the summer, TotalEnergies announced a new discount on fuel from 1 July to 31 August. At the moment, customers who choose to refuel at the brand’s stations can benefit from the promotion that comes on top of the State discount of €0.18/litre including VAT, which leaves an overall reduction of €0.30/litre.
“Indeed, our refineries in France form industrial infrastructure that contributes to the country’s energy security, directly employing nearly 5,000 staff, and receiving our investment of several hundred million euros to guarantee both their modernisation – in the case of Donges – and their transformation – as with Grandpuits. These refineries faced losses of more than €1 billion during Covid in 2020 and 2021, for which TotalEnergies did not request any government support and which are more than offset by the current favourable environment,” added Pouyanné.
