France’s main oil company, Total Energies, has announced that it will put a cap on gasoline and diesel prices. As reported by the company, prices will not exceed 1.99 euros per liter at its stations until the end of the year.
“In 2023, in our 3,400 stations in France, diesel and gasoline will not exceed 1.99 euros per liter. We do it for the whole year,” explained the president and CEO of the company, Patrick Pouyanné, in statements to the television channel TF1. Currently, four out of ten service stations in France have prices above 1.99 euros, added the executive.
TotalEnergies announced at the beginning of the month a record profit of 20.526 million dollars in 2022 from inflation.
During the worst of last year’s high energy prices, which contributed to a sharp rise in inflation, TotalEnergies and other companies temporarily applied a discount of 20 cents per liter of fuel, in addition to the 30 cents taken assumed by the Government.