Faced with fuel prices, TotalEnergies agrees to a new gesture for motorists

Would the government’s pressure bear fruit? Still, while fuel prices are soaring, TotalEnergies is announcing a gesture for motorists. Nothing new under the sun: it is “simply” for the company to extend its price cap to a maximum of €1.99/L after 2023.

It will indeed last “as long as prices remain high”, according to a press release from the brand. A terribly vague and unclear wording. For some, €1.50/L would already be too expensive, while others may not even feel the €2/L (but there are probably not many of them). However, the company points out that it is the only one to have implemented an operation of this type. Its representatives even believe that the offer is appreciated by the French:

“TotalEnergies is to date the only oil company to have adopted such a measure. Today, nearly 2,600 TotalEnergies service stations out of 3,400 already benefit from this measure (…) TotalEnergies welcomes the government’s support for this initiative and is delighted that the French appreciate its effectiveness in limiting the impact of rising prices on their purchasing power.”

Low impact limitation

The fact remains that this limitation is weak. €1.99/L is a very high price in France. This decision, taken in February and reaffirmed last August, is nevertheless welcome. Remember that it initially lasted until the end of 2023. We will see how this evolves in the future, while fuel prices are expected to remain high.

At the same time, the government is organizing a meeting with fuel distributors this Tuesday, September 12. The objective is to ask “an effort of solidarity” on prices. Even though government taxes represent 50% of the price at the pump. Let’s see what that gives.

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