Macron said he intends to change the "method" but no course on the taxation of fuels. The porcess of consultation will take place country-wide and involve associations, elected representatives and Yellow Vests.
The 40-year-old centrist acknowledged that many struggling households felt penalised by an increase in fuel taxes this year, the spark for road blockades and demonstrations over the past 10 days.
He offered minor concessions, saying he would propose a mechanism to adjust tax hikes when they occurred at the same time as an increase in oil prices internationally -- as they have this year.
"What I've taken from these last few days is that we shouldn't change course because it is the right one and necessary," he told lawmakers at the Elysee palace in Paris.
Taxes from above
In an hour-long speech, Macron repeated several times that he had understood the anger expressed by hundreds of thousands of people who have taken to the streets in high-visibility yellow jackets.
He conceded that many French people felt that taxes were "imposed from above" and promised to accelerate the work of the government to lighten the load for working families and cut public spending.
One of the most frequent complaints from the so-called "yellow vests" is Macron's perceived elitism, as well as his pro-business policies since taking office in May last year.
"I have seen like many French people the difficulties for people who have to drive a lot and have problems making ends meet at the end of the month," he said.
"I believe very profoundly that we can transform this anger into the solution."
What now for nuclear?
Macron also used the speech on France's energy transition -- an address scheduled before the protests began -- to announce a programme for closing nuclear reactors.
France will shut down 14 of the country's 58 nuclear reactors currently in operation by 2035, with between four and six closed by 2030, he announced.
The total includes the previously announced shutdown of France's two oldest reactors in Fessenheim, eastern France, which Macron said was now set for summer 2020.
He also announced that France would close its remaining four coal-fired power plants as part of France's anti-pollution efforts by 2022.
France relies on nuclear power for nearly 72 percent of its electricity needs. The government wants to reduce this to 50 percent by 2030 or 2035 by developing more renewable energy sources.
Macron said he would ask French electricity giant EDF to study the feasibility of more next-generation EPR reactors, but will wait until 2021 before deciding whether to proceed with construction.
EDF has been building the first EPR reactor at Flamanville along the Atlantic coast of northwest France.
It was originally set to go online in 2012 but the project has been plagued by technical problems and budget overruns.