Business · Energy & Commodities · 2 hrs ago
TotalEnergies expects diesel prices to fall after strategic stocks are released
TotalEnergies chief executive Patrick Pouyanné said fuel prices at the company’s French stations should fall after strategic oil stocks are released.
The release of 10 million barrels is due to start in early November.
Pouyanné expects regular diesel for private drivers to become 8 to 12 cents cheaper per litre.
That is less than the 12-to-18-cent reduction suggested by the prime minister.
He expects non-road diesel, used by farmers, construction businesses and fishers, to fall by 20 cents per litre.
TotalEnergies also plans to keep a price cap of €2.25 per litre for private drivers.
The expected cuts matter because they could reduce fuel costs for households and businesses, though the figures are estimates.
TotalEnergies chief executive Patrick Pouyanné said diesel prices at its service stations would fall by 8 to 12 euro cents per litre for private motorists.
He said non-road diesel prices would fall by 20 euro cents per litre after strategic stocks are released.
The release of 10 million barrels is expected to begin in early November.
Pouyanné said TotalEnergies would keep a price cap of €2.25 per litre for private motorists.
He made the statements on 12 October after meeting Prime Minister Sébastien Lecornu.
- Who
- TotalEnergies chief executive Patrick Pouyanné announced the expected price cuts.
- What
- TotalEnergies expects diesel prices to fall by 8 to 12 euro cents per litre for private motorists and by 20 euro cents for non-road diesel.
- When
- The announcement was made on 12 October 2026. The strategic-stock release is due to start in early November.
- Where
- At TotalEnergies service stations; Pouyanné met the prime minister in Paris.
- Why
- The cuts are expected after the release of 10 million barrels from strategic stocks.
This story does not have two clearly opposing sides.
Sébastien Lecornu announced the release of 10 million barrels from strategic stocks.
Pouyanné met the prime minister and gave TotalEnergies’ estimates for the diesel price cuts.
The release of strategic stocks is due to begin.
- Strategic stocks
- 10 million barrels
- Private motorists’ diesel cut
- 8 to 12 euro cents per litre
- Non-road diesel cut
- 20 euro cents per litre
- Price cap
- €2.25 per litre for private motorists
- Expected start of release
- Early November
What people are saying
The range given by the Prime Minister, according to which the release of 10 million barrels from strategic stocks would lead to a decrease of 12 to 18 cents, for us will be more like 8 to 12, so around ten cents.
20 euro cents per litre on non-road diesel for farmers, construction companies and fishers
Sources
Carburants : le prix du gazole devrait baisser d’une dizaine de centimes chez TotalEnergies grâce au déstockage
TotalEnergies s’engage à baisser les prix du gazole de 8 à 12 centimes pour les particuliers, de 20 centimes pour le GNR
TotalEnergies estime que le prix du litre de gazole non routier va baisser de 20 centimes après la libération des stocks stratégiques
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