France is contemplating a windfall tax on substantial oil profits, prompting TotalEnergies to warn it might cease capping fuel prices at its stations if the tax is enacted.

TotalEnergies would stop ​capping prices at its ​fuel stations in France if the government passes a new ​tax ‌on oil ⁠refining, Chief Executive Patrick Pouyanne told ‌French newspaper Sud Ouest on ⁠Tuesday.