The French energy firm extends gasoline and diesel price limits amid sustained crude oil volatility linked to Middle East tensions.
TotalEnergies will maintain its fuel price caps at all French service stations through June, citing ongoing geopolitical instability in the Middle East. The policy, introduced in March, caps gasoline and diesel prices as international crude oil costs remain elevated due to regional conflicts.
The company initially implemented the caps in response to surging oil prices following the outbreak of war in Iran. TotalEnergies has since extended the measure monthly, first for April and May, and now through June. The firm stated it will reflect any declines in global oil prices for consumers.
No immediate market reaction was reported following the announcement.