French energy giant TotalEnergies announced Tuesday its decision to extend the fuel price ceiling of €1.99 per liter in all TotalEnergies service stations throughout the country 'beyond 2023'.
The statement came in response to the spike in reaction to fuel costs in some regions of the country exceeding €2 per liter.
In keeping with its 'unilateral initiative' in February to implement a price ceiling of €1.99 per liter to safeguard consumers from escalating fuel prices, the firm claims to be 'the only oil company to have adopted such a measure.'
TotalEnergies said it reaffirmed its price cap decision in August, adding that nearly 2,600 out of 3,400 TotalEnergies service stations have benefited from the measure.
'TotalEnergies welcomes the government's support for this program and is happy that the French people appreciate its impact on reducing price increases,' the company said.
'In light of this, TotalEnergies declares that, as long as prices are high, the cap of €1.99 per liter will stay in place beyond 2023.'
By Sibel Morrow