after mass distribution, TotalEnergies in turn refuses to sell at a loss

It’s no. The CEO of TotalEnergies Patrick Pouyanné refuses to sell his fuels at a loss and “will not go lower» than the current price of 1.99 euros per liter currently set at his group’s service stations in France, he warned Tuesday evening. “1.99 is a ceiling, TotalEnergies’ policy will be ensured (…) I will not go lower. This is already a significant effort“, declared Patrick Pouyanné, interviewed by a journalist from the program “Quotidien”.

“This ceiling applies in approximately 3,000 stations today. So that means that the normal price is above“, he added. “Do you often sell products at a loss?he asked his interviewer. “A little common sense, thank you“, he concluded. The oil group, which manages a third of the service stations in France, announced last week that it would extend the cap to 1.99 euros per liter on the price of gasoline and diesel in its 3,400 stations next year. , “as long as prices remain high“.

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Refusal also from mass distribution

On Saturday, Prime Minister Elisabeth Borne lifted an old taboo by announcing that fuels 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. According to information from Figarosummoned Tuesday morning in Bercy by the Minister of Economy and Finance Bruno Le Maire, the managers of Leclerc, Carrefour, Intermarché, Système U, Casino and Auchan expressed their unanimous opposition to the loss-making resale of fuel in parking lots of their hypermarket.

Bercy simply indicated that Bruno Le Maire and the Minister Delegate in charge of SMEs, Commerce and Crafts Olivia Grégoire had “addressed» the question of selling fuel at a loss during this meeting with distribution bosses. According to Bercy, “Bruno Le Maire also recalled that independent stations will benefit from compensation» and that they will be “accompanied by a multi-year transformation plan aimed at enabling them to offer new services such as fast charging stations“.