TotalEnergies extends fuel price cap in France through June
Oil major TotalEnergies said it would extend its policy of capping fuel prices at its French service stations through the month of June as the Middle East crisis continues.
The company said it would keep the price caps, first announced in March, at €1.99 ($2.32) per litre for gasoline and €2.25 per litre for diesel.
French Finance Minister Roland Lescure welcomed the decision but told BFM TV he also would not rule out imposing a new tax on profits energy companies have made during the surge in energy prices provoked by the Iran war.
Several French opposition politicians have advocated for additional so-called windfall taxes on oil companies including TotalEnergies since the war began in late February.
TotalEnergies' Chief Executive Patrick Pouyanne said earlier this month the company would end its cap on prices were such a tax approved.
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