France, March 12 -- The move comes as the cost of oil breached the $100 a barrrel mark following the launch of Israeli and American air strikes on Iran on 28 February.

Iranian retaliation on neighbouring Gulf states has left the region in chaos.

Petrol will cost €1.99 per litre and diesel € 2.09 a litre, said TotalEnergies.

"The group has been observing the highly fluctuating situation on the oil markets since the start of the conflict in the Persian Gulf," said a company statement.

"It has led in particular to very strong tensions on the world diesel markets of which France is a major importer.

"In this context, Totalenergies would like to reiterate its transparent pricing policy, which consists of passing on without del...