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HomePet Industry NewsPet Financial NewsFrance's Le Maire urges TotalEnergies to keep up cap on gas costs

France’s Le Maire urges TotalEnergies to keep up cap on gas costs

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Logo of TotalEnergies is seen at an electric vehicle fuelling station near Paris

A view exhibits a emblem of TotalEnergies at an electrical car fuelling station within the La Defense business district in Courbevoie close to Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing Rights

PARIS, Sept 7 (Reuters) – French Finance Minister Bruno Le Maire mentioned he needed French oil large TotalEnergies (TTEF.PA) to keep up a cap on gas costs past Dec. 31, including his precedence was to speed up the combat towards inflation.

Le Maire additionally advised Franceinfo radio French inflation was easing however not quick sufficient.

“It’s as much as (TotalEnergies CEO) Patrick Pouyanne to take this choice, however I welcome the selection that Total has revamped the previous a number of months and…I belief him to consider the difficulties of our compatriots”, Le Maire mentioned.

Pouyanne mentioned final week that the corporate, which on the finish of August introduced it could lengthen the cap on gas costs at 1.99 euros per litre till the top of this 12 months, may contemplate prolonging the measure in 2024.

“This measure will likely be utilized till the top of the 12 months. We will take a look at the difficulty for 2024,” he mentioned.

Reporting by Dominique Vidalon and Benjamin Mallet, modifying by Benoit Van Overstraeten and Silvia Aloisi

Our Standards: The Thomson Reuters Trust Principles.

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