10 million barrels will be released by the government: Totalenergies announces "a drop in the price of diesel" in more than 700 stations

Totalenergies announced this Friday, October 30, a “drop in the price of diesel to 2.15 euros per liter from this Saturday” in 705 stations in its network. “Totalenergies provides its customers with access to strategic stocks,” explains the distributor in a press release. “Totalenergies will pass on the benefit of this advantaged diesel to the other stations in its network off motorways from Monday, November 2 depending on the evolution of the international diesel markets,” continues Totalenergies.

The oil company also specifies “to maintain the ceiling of 2.25 euros per liter on diesel throughout its network in France”. The government wants Totalenergies to be "exemplary" At the beginning of October, the Prime Minister, Sébastien Lecornu, announced the release of 10 million barrels of oil. The surge in fuel prices, due to increased geopolitical tensions, has led the government to dip into France's strategic stocks, purchased before the war in the Middle East at 0.28 euros per liter, significantly less than the current market price of around 1.10 euros per liter, according to Matignon.

This Thursday, on BFMTV, government spokesperson and Minister of Energy Maud Bregeon asked Totalenergies to be “exemplary” and to “pass on downward” the impact of this destocking. TotalEnergies also indicates that it "will apply a discount of -200 EUR/m³ for its customers heating with domestic fuel", a discount which "will be visible on the invoice". It will also apply “a discount of -20 cts EUR/L on Non-Road Diesel (compared to the international diesel market price) for farmers, public works companies as well as on Fishing Diesel for fishermen”.

Here again, “the amount of the discount will be visible on the invoice”. The French oil and gas company unveiled a record net profit of $8.3 billion for the third quarter on Thursday, compared to $3.7 billion over the same period in 2025, and was very optimistic for the months to come with its investors.

Machine-translated from French