Prices at gas stations will drop significantly. The government has adopted draft laws on reductions
As part of the “Lower fuel prices” initiative, the Ministry of Energy announced the introduction of a package of solutions that are intended to reduce the costs of gasoline and diesel oil. The plans also include provisions enabling the imposition of a tax on excess profits of fuel companies.
— The government has adopted the bill, which is already on its way to the Sejm — wrote Adam Szłapka on the X platform.
Tax cuts and maximum prices
Prime Minister Donald Tusk, referring to the situation at gas stations, emphasized that the government decided to “radically reduce” VAT and excise duty, as well as introduce maximum prices. As he noted, the goal is to ensure that the government's decisions are felt by every customer who refuels.
– We need to ensure that fuel prices are as low as possible from the end customer's point of view and make sure that no one makes money out of Poles' pockets – said the Prime Minister.
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The Prime Minister also assured that Poland is secured in terms of fuel supplies and there is no risk of fuel shortages.
A blow to the budget, but a relief for consumers
Minister of Finance and Economy Andrzej Domański pointed out that in recent weeks the prices of crude oil have increased by 45 percent, diesel by over 40 percent and gasoline by over 20 percent.
– We currently see this at gas stations, which is why we are taking action to lower prices. We are reducing VAT on fuels – petrol and diesel – from 23 to 8%. We are reducing excise duty to the minimum permissible levels, which means a price drop of PLN 29 per liter of petrol and PLN 28 per liter of diesel oil. In total, this should bring a reduction in gasoline prices by PLN 1.2 per liter – the minister calculated.
However, these discounts come at a price. Minister Domański estimated that reducing VAT on fuels would reduce the state budget by PLN 900 million per month, and the excise tax reduction would reduce it by another PLN 700 million.
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– From the budget point of view, these are serious expenses – emphasized Domański. He also added that the government plans to introduce a tax on excess profits of fuel companies so that these companies, benefiting from high oil prices and margins, pay higher taxes.
Draft bills in the Sejm and Senate
According to the information on the Sejm website, the Chamber has already received the “Government draft act amending the Excise Duty Act”. This document is intended to create a legal basis for reducing excise tax rates by way of a regulation.
On Friday, Senate committees are to discuss two bills: changes to the Excise Duty Act and regulations on crude oil stocks, petroleum products and natural gas.
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The new regulations will also apply to the rules of conduct in crisis situations on the fuel market.
The government hopes that the adopted solutions will bring tangible benefits to consumers and, at the same time, allow for controlling the situation in the fuel sector.
