TotalEnergies Considers Lower Pump Price Cap for Some Customers
A TotalEnergies SE gas station in Paris.
Photographer: Benjamin Girette/BloombergTotalEnergies SE is considering lowering a price cap at its French service stations for motorists who subscribe to the company’s power and gas offerings, Chief Executive Officer Patrick Pouyanne said.
The French oil and gas major has come under political pressure for benefiting from the surge in oil and gas prices when Russia attacked Ukraine in 2022. In response, it introduced last year a €1.99 ($2.16) a liter cap at its stations that currently applies mostly in rural areas, where distribution costs are higher.