TotalEnergies to Extend Gasoline Subsidy as Strikes Continue, French PM Says
17 Octobre 2022 - 10:23AM
Dow Jones News
By Pierre Bertrand
TotalEnergies SE will extend its gasoline discount into
mid-November, French Prime Minister Elisabeth Borne said late
Sunday, as strikes affecting the country's fuel depots strain
gasoline supplies in the country.
Speaking to broadcaster TF1, France's Prime Minister said the
French oil-and-gas major had assured her it will keep its 20
euro-cents a liter (19 U.S. cents) discount in place until
mid-November. The French government will similarly extend its own
subsidy of 30 cents a liter, she said.
The subsidy from TotalEnergies had been set to fall to 10 cents
a liter from the beginning of the month. The company didn't
immediately respond to a request for comment.
The decision comes as about 30% of gasoline stations in France
face supply issues resulting from the weekslong strikes at depots
and refineries, the PM said.
On Friday, TotalEnergies said it had reached a deal with the
French Confederation of Management - General Confederation of
Executives and the French Democratic Confederation of Labour
unions, agreeing to an increase in salaries.
The General Confederation of Labor union, however, rejected
Friday's proposal and called on its members to continue
striking.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 17, 2022 04:08 ET (08:08 GMT)
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