French Energy Minister Addresses Fuel Shortages and Price Concerns

French Energy Minister Maud Bregeon assured the public that there is no risk of fuel shortages, emphasizing that 90% of gas stations in France are operating without supply issues. During an interview on France 2, she addressed concerns over rising fuel prices and localized supply problems. While most stations are functioning normally, Bregeon noted that 10% of stations are experiencing some difficulty in supplying at least one type of fuel. The majority—86%—of these stations are operated by TotalEnergies, a major energy company in the country. Bregeon explained that TotalEnergies has introduced price caps on fuel pumps, which have led to an increase in the volume of fuel sold. However, this policy has created strain on the logistics chain, complicating the distribution of fuel across the country. To address these challenges, the government is holding daily discussions with TotalEnergies to ensure all possible measures are taken. This includes authorizing exceptions to usual restrictions on fuel transportation, such as allowing deliveries on Sundays, to ease the pressure on the supply chain. The minister also linked the recent rise in fuel prices to geopolitical tensions in the Middle East, particularly the blockage of the Strait of Hormuz. This strategic waterway handles 20% of the world's crude oil and gas traffic, and any disruption there has a significant impact on global energy markets. In response to these evolving circumstances, the government is adjusting its strategy and has extended the "Gros Rouleur" aid program, which provides financial relief to heavy vehicle users, until the end of October. Bregeon also clarified that the "tarif agent," a special benefit for electricity and gas workers and retirees, is not under consideration for abolition. Although the Court of Auditors has scrutinized the benefit’s taxation, the government has confirmed that no plans exist to eliminate it. This reassurance comes as part of broader efforts to stabilize the energy sector and manage the impact of global events on domestic fuel prices and supply.