Business · Companies · 14 hrs ago
TotalEnergies keeps fuel prices capped at €1.99 per litre
TotalEnergies is keeping its fuel price cap at €1.99 per litre at its stations in France, where the limit has been unchanged since January.
The lower price has drawn many drivers to its stations, with one customer saying a fill-up cost less than at competing brands.
The company says the cap has cost it €500 million in a few months, yet it reported €7.4 billion in profit for the third quarter, twice as much as a year earlier.
Most of those profits came from exploration and refining, as oil prices rose in recent months.
An energy expert says the cap may also give the company leverage in debate over fuel taxes, because it could threaten to remove the limit if the government raises taxes.
TotalEnergies says the price cap will remain until January.
From next month, the release of strategic fuel stocks is expected to lower pump prices at all distributors.
TotalEnergies says it will keep fuel prices capped at €1.99 per litre until January.
The cap has been unchanged since January and has attracted many motorists seeking cheaper fuel.
The company says the measure has cost it €500 million over several months.
TotalEnergies reported €7.4 billion in profits for the third quarter, double the figure a year earlier.
An energy expert said the cap could give the company leverage in discussions about fuel taxes.
- Who
- TotalEnergies, which operates the fuel-price cap, and motorists buying fuel at its stations.
- What
- The company is keeping fuel prices capped at €1.99 per litre until January.
- When
- The cap has been unchanged since January. The article was published on 29 October 2026.
- Where
- At TotalEnergies fuel stations; the article discusses the policy in France.
- Why
- The cap attracts motorists seeking lower prices. An energy expert said it could also help the company push back against higher fuel taxes.
TotalEnergies
Customers who doubt the company’s loss claims
Reported cost of the cap
TotalEnergies
TotalEnergies says it lost €500 million over several months.
Customers who doubt the company’s loss claims
Some customers said they doubted the company had suffered significant losses.
Capacity to lower prices
TotalEnergies
The company says the cap has cost it money.
Customers who doubt the company’s loss claims
One customer argued that the company could lower prices further without losing money, citing its dividends.
TotalEnergies’ fuel-price cap has remained unchanged at €1.99 per litre.
franceinfo reported that TotalEnergies would maintain the cap until January.
The article said fuel prices were expected to fall at all distributors as strategic stocks were released.
- Fuel-price cap
- €1.99 per litre
- Reported cost of cap
- €500 million over several months
- Cap unchanged since
- January
- Third-quarter profit
- €7.4 billion, double the figure a year earlier
- Cap to remain in place until
- January
What people are saying
Aujourd'hui, j'ai fait le plein pour 52 euros. Si je choisis Esso ou les autres, j'arrive à 70, 80 euros. On voit vraiment la différence
Ça permet à Total de limiter les ardeurs du gouvernement français de faire les poches de la compagnie.
Quand on voit les dividendes qu'ils génèrent, ils peuvent mieux faire, même jusqu'à 1,70 €, ils peuvent le faire sans perdre de l'argent.
Je pense qu'effectivement, ils en gagnent d'une autre façon, donc je ne vais pas m'apitoyer sur le sort de Total.