2023-09-20 09:39:51
JASON LEYSNER / AFP Total Energies CEO Patrick Pouyanné speaks during a press conference in Paramaribo, Suriname, on September 13, 2023. Total Energies announced the launching of development studies for a major $9 billion, 200,000 barrel/day oil project offshore Suriname, with the “aim” of making a final investment decision “by the end of 2024”. (Photo by Jason LEYSNER / AFP)
JASON LEYSNER / AFP
“Selling at a loss” of gasoline: the CEO of TotalEnergies refuses, “I will not go any lower” (Photo by Patrick Pouyanné in September 2023)
FUEL – A final refusal from fuel distributors. The CEO of TotalEnergies Patrick Pouyanné warned this Tuesday, September 19 that his company does not plan to sell its fuels and fuels at a loss. “will not go lower” than the current price of 1.99 euros per liter currently set at its group’s service stations in France.
“1.99 is a ceiling (…). I won’t go any lower. It’s already a significant effort”declared Patrick Pouyanné, questioned by a journalist from the show ” Daily “.
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“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, that’s it, thank you”he concluded.
Carrefour, E.Leclerc, Intermarché and U on the same line
An end to the government’s proposal which was extended this Wednesday, September 20 to mass retail brands. Carrefour does not will not sell at a loss » of fuel, announced its CEO Alexandre Bompard during a hearing before the Economic Affairs Committee of the National Assembly.
The ban “ reselling at a loss has been a very important principle of commerce since 1963”estimated Alexandre Bompard, adding that“we must not open this Pandora’s box at the risk of weakening both the balance of the sectors and territorial equity between consumers”. “So as far as we are concerned, the Carrefour group (…), we will not sell at a loss, we will continue to carry out operations at cost price, because we cannot sell at a loss. »
Then interviewed, Philippe Michaud, co-president of the E.Leclerc group, and Thierry Cotillard, president of Mousquetaires-Intermarché, echoed the same story, announcing that they would not “make” sales at a loss. Dominique Schelcher, CEO of the 4th largest player in the Système U sector, for his part indicated that he was not planning “ to carry out massive sales operations at a loss”.
Opposition unanime
On Saturday, Prime Minister Élisabeth Borne lifted an old taboo by announcing 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.
According to Le Figarothe managers of Leclerc, Carrefour, Intermarché, Système U, Casino and Auchan, summoned Tuesday morning in Bercy by the Minister of the Economy and Finance Bruno Le Maire, expressed their unanimous opposition to the loss-making resale of fuel on the parking lots of their hypermarket.
According to Bercy, “Bruno Le Maire also recalled that independent stations will benefit from compensation” and that they will be “accompanied by a multi-year transformation plan aimed at enabling them to offer new services such as fast charging stations”.
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