There is a shortage of fuel at French stations. TotalEnergies' pricing policy is to blame

About 18 percent gas stations in France were struggling with fuel shortages on Tuesday morning, said Maud Bregeon, deputy energy minister.

In an interview with BFM TV, Bregeon explained that these disruptions result from the pricing policy of the oil giant TotalEnergies, which set the upper limit of retail fuel prices below the level of competition. The move increased demand at some stations, causing local shortages.

“There is no overall supply problem,” Bregeon argued, emphasizing that the issue is due to logistical burden rather than a nationwide shortage. Authorities say fluctuations in demand have strained distribution networks, leaving some stations temporarily without certain types of fuel.

The war with Iran started by the US and Israel on February 28 resulted in a significant increase in fuel prices around the world. In particular, this was caused by Iran's closing of the Strait of Hormuz, through which approximately 20 percent is transported under normal conditions. world oil. (PAP)

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