TotalEnergies offers 10% discount on energy to new clients

TotalEnergies unveiled a new online offer called Access on Monday, May 18. It grants a 10% discount for three years on electricity and gas to new clients. The announcement follows record profits and political pressure.

The group led by Patrick Pouyanné launched this offer exclusively online. New subscribers will receive a 10% reduction on the price per kilowatt-hour of electricity excluding taxes compared to the regulated tariff, and the same on gas relative to the reference price.

Existing customers will not automatically receive the discount. The company assures they will remain protected against possible price increases. This measure complements the fuel price caps already in place at the group's service stations.

Petrol stays below 1.99 euros per liter and diesel under 2.09 euros at least until May 31. The announcement responds both to geopolitical tensions in the Middle East and criticism from French political leaders after first-quarter results rose 51%.

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German gas station at midnight displaying reduced petrol and diesel prices after the government's 17-cent-per-litre tax cut takes effect.
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Fuel tax cut on petrol and diesel takes effect

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The German government's fuel discount took effect at midnight. Taxes on petrol and diesel drop by about 17 cents per litre for two months. It remains unclear how quickly pump prices will reflect the cut.

Prime Minister Sébastien Lecornu has called on TotalEnergies to strengthen its fuel price caps to redistribute its superprofits. The statement comes amid a sharp rise in the group's earnings due to the Middle East conflict. The government is opting for targeted aid amid budget constraints.

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Despite the fuel tax discount, prices in Germany have risen again after an initial drop. ADAC and the Federal Cartel Office criticize that the 17-cent-per-liter tax cut is not fully passed on to consumers. Oil companies and associations dispute this.

HK Electric will cut fuel surcharges for May, marking the second consecutive monthly drop, but has warned of significant rises later this year due to the Middle East conflict. The May fuel clause charge will fall by 4.4 HK cents per kWh to 26 HK cents per kWh.

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The black-red coalition has decided to let the fuel discount expire as planned on June 30. Faction representatives warned of possible price increases and announced swift countermeasures.

Oil companies in the Philippines began implementing steep fuel price cuts on Tuesday, June 2, with diesel falling by P9.26 per liter. The Department of Energy set the reductions for the week of June 2 to 8.

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The National Petroleum Company reported minor fuel price changes on Wednesday that take effect Thursday, May 7. 93-octane gasoline rises 0.1 pesos per liter and diesel falls 47.3 pesos, while kerosene stays the same.

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