— I think we're all glad that we have this ceasefire. The markets reacted positively, said Andrzej Domański, Minister of Finance and Economy, on Polsat News on Wednesday.
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– The declines we see on the markets will be reflected in prices at gas stations, but it will take a few days – because first the price of oil falls, then the wholesale price, and then prices at gas stations – explained Domański.
On Wednesday, the price of WTI crude oil fell by over 16%, to just under $94. per barrel. Brent crude oil fell by almost 16%, to just over $92.
The minister emphasized that in addition to declines in raw material prices, there are also visible reductions in the prices of finished products, including diesel oil. Domański was asked about the future of the government program aimed at reducing fuel prices.
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— We will talk about the situations within the government. We know that the regulations reducing VAT and excise duty are of a temporary nature and we will analyze the situation whether the dates of the regulations should be extended, said the minister. Regulations reducing VAT on fuel from 23 to eight percent. valid until April 30 this year. The regulation reducing excise duty expires on April 15 this year.
Minister of Energy on falling fuel prices. “At least a dozen or so cents”
The “Fuel Prices Lower” (CPN) package adopted by the government is temporary. The package also introduced maximum prices for gasoline and diesel oil, which are announced daily by the Minister of Energy.
The Minister of Energy, Miłosz Motyka, was asked about fuel prices on Radio ZET. He also announced a drop in wholesale fuel prices, and then also a drop in prices at gas stations.
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— If not by the end of the week, then at the beginning of next week. In the next few days. If there is no escalation again, wholesale prices should drop, as well as prices at gas stations. At least by a dozen or so cents, announced the Minister of Energy, Miłosz Motyka, on Radio ZET.
