We consider the standard model of i.i.d. first passage percolation on $\mathbb{Z}^d$ given a distribution $G$ on $[0,+\infty]$ ($+\infty$ is allowed). When $G([0,+\infty]) < p_c(d)$, it is known that the time constant $μ_G$ exists. We are interested in the regularity properties of the map $G\mapstoμ_G$. We first study the specific case of distributions of the form $G_p=pδ_1+(1-p)δ_\infty$ for $p>p_c(d)$. In this case, the travel time between two points is equal to the length of the shortest path between the two points in a bond percolation of parameter $p$. We show that the function $p\mapsto μ_{G_p}$ is Lipschitz continuous on every interval $[p_0,1]$, where $p_0>p_c(d)$.