Gasly crossed the line third in Monte Carlo after starting ninth, but was handed two separate five-second penalties for speeding in the pit lane.
The sanctions were added to his race time after the chequered flag, costing him his first podium of the 2026 Formula 1 season.
Alpine lodged a right of review after the race, arguing it had evidence Gasly had not exceeded the 60km/h pit lane speed limit.
The team cleared the first stage of the process on Thursday, when stewards deemed the review admissible after Alpine provided new, significant and relevant evidence.
A second hearing was then held to review the penalties themselves, with the FIA confirming on Friday that both sanctions had been rescinded.
Alpine welcomed the outcome after Gasly was restored to third in a statement on social media.
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“We welcome the decision made by the FIA to deem our right of review as admissible following the final classification of last weekend’s Monaco Grand Prix,” the statement read.
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“As a result, the Stewards have rescinded the two five-second penalties imposed on Car #10, which reinstates the team’s third place finish.
“We would like to thank the FIA and Formula One Management for its transparency and co-operation throughout the Right of Review process and for reaching this decision.
“The team’s focus is now very much on this weekend’s Barcelona-Catalunya Grand Prix and striving for the best possible result with both of its cars.”
The case centred on an error in the pit lane distance measurement used to calculate speeds between timing loops, with Formula One Management acknowledging the figure used had been inaccurate.
According to the decision document, FOM “provided evidence that the distance used in calculating the F1 Official Timing (and hence the pit lane speed) was inaccurate and overestimated the speed of Car 10 (Gasly).”
FOM said in a statement it had assisted the FIA throughout the review process and confirmed a discrepancy had been identified.
“As part of the right of review process relating to Monaco, we have proactively assisted the FIA in gathering all the relevant information to help inform the steward’s assessments,” the statement read.
“We measured the relevant areas in the pitlane identically to the 2025 event and followed procedures in the usual way. However, the process has identified a measurement discrepancy.
“Like everyone in the sport we strive for the best results and, as always, any improvements or refinements that are identified as being required in light of this situation will be implemented.”
The amended result means Isack Hadjar loses the podium he inherited after the race, with the Red Bull driver demoted back to fourth, while Oscar Piastri drops to fifth, Liam Lawson to sixth and Arvid Lindbald to seventh.
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