No offense to Elisabeth Borne, the CEO of TotalEnergies, Patrick Pouyanné, will not sell his fuels at a loss. Questioned by a journalist from the program “Quotidien” on Tuesday September 19, the big boss warns that he “will not go lower” than the price of 1.99 euros per liter currently set at his group's service stations in France.
“1.99 is a ceiling, TotalEnergies’ policy will be ensured (…) I will not go lower. This is already a significant effort,” declared Mr. Pouyanné, recalling that this rate applied today in around 3,000 stations. “So that means the normal price is above,” he added.
“Do you often sell products at a loss? “, he asked the journalist who asked him if he was going to comply with the government’s requests. “A little common sense, there you go, thank you,” he concluded.
A third of French service stations
The oil group, which manages a third of the service stations in France, announced last week that it would extend next year the cap at 1.99 euros per liter on the price of gasoline and diesel in its 3,400 stations, “as long as prices remain high.”
On Saturday, Prime Minister Elisabeth Borne lifted an old taboo by announcing that fuel could 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.