Skip to main content

TotalEnergies commits to a large-scale fuel price reduction programme until year-end for all of its service stations in France

Published by
Oilfield Technology,


To meet the expectations of French people affected by the increase in energy prices and the impact on their purchasing power, the Company is initiating a large-scale fuel price reduction programme for all of its service stations in France, effective until year-end.

From September 1 to November 1, TotalEnergies will lower its petroleum fuel prices sold in service stations by €0.20/litre compared to global market quotation prices, followed by a €0.10/litre reduction from November 1 to 31 December.

Patrick Pouyanné, Chairman and CEO of TotalEnergies said: “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. Indeed, our refineries in France form industrial infrastructure that contributes to the country’s energy security, directly employing nearly 5000 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. With this large-scale price reduction programme in our service stations, we are hopeful that this long-term commitment will be recognised both by our customers and at the national level.”

These price reductions, which complement the government’s own measures, will apply from the first litre purchased, with no limit on amounts, for all petroleum fuel sold in service stations.

 

Read the latest issue of Oilfield Technology in full for free: Summer 2022

Oilfield Technology’s second issue of 2022 begins with analysis from Rystad Energy focusing on the upstream industry in Southeast Asia. The rest of the issue is dedicated to features covering advances in drilling, rig design, software and AI, corrosion and maintenance, artificial lift, flow control, and more.

Exclusive contributions come from Vink Chemicals, Archer, Taurex Drill Bits, Vysus, EM&I, SparkCognition, TÜV Rheinland Group, TGT Diagnostics, ChampionX, and Baker Hughes, as well as a guest comment from Patrick Long, Opportune.

Read the article online at: https://www.oilfieldtechnology.com/digital-oilfield/22072022/totalenergies-commits-to-a-large-scale-fuel-price-reduction-programme-until-year-end-for-all-of-its-service-stations-in-france/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Oil price news