“I will not go any lower”: the CEO of TotalEnergies refuses to sell his fuel at a loss

2023-09-20 01:31:13

The CEO of TotalEnergies Patrick Pouyanné refuses to sell his fuels at a loss and “will not go lower” than the current price of 1.99 euros per liter currently set in his group’s service stations in France, he said. warned Tuesday, questioned by a journalist from the program “Quotidien”.

“1.99 is a ceiling, TotalEnergies’ policy will be ensured (…) I will not go lower. This is already a significant effort,” declared Patrick Pouyanné.

“This ceiling applies in approximately 3,000 stations today. So that means that the normal price is higher,” he added. “Do you often sell products at a loss? » he asked his interviewer. “A little common sense, thank you,” he concluded.

1.99 euros in its 3,400 stations “as long as prices are high”

The oil group, which manages a third of the service stations in France, announced last week that it would extend next year the cap at 1.99 euros per liter on the price of gasoline and diesel in its 3,400 stations, “as long as prices remain high”.

On Saturday, Prime Minister Élisabeth Borne lifted an old taboo by announcing, in Le Parisien, that fuels might be sold at a loss. This measure, which will be the subject of a bill, should come into force at the beginning of December for a period of six months.

Received by Bruno Le Maire in Bercy, the distributors contacted did not wish to react publicly. But they make it known that, if there is a drop, it will be reduced to the strict minimum, in both its amount and its duration. The measure will apply on a voluntary basis, from December 1.


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