According to data published by the concern, the wholesale price of Eurosuper 95 unleaded gasoline has dropped by PLN 98 and now amounts to PLN 5,000. PLN 207 per cubic meter. Super Plus 98 unleaded petrol has become cheaper by PLN 87 – to PLN 5,000. PLN 757 per cubic meter. Ekodiesel diesel oil is PLN 77 cheaper and costs PLN 5,000. PLN 500 per cubic meter.
The day before, on Friday, Orlen also reduced wholesale rates. Then Eurosuper 95 became cheaper by PLN 101, Super Plus 98 by PLN 93, and Ekodiesel by PLN 22 per cubic meter. Last week, the company's wholesale fuels also became cheaper four times in a row.
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CPN package extended. It will last at least until mid-June
From March 31, all domestic fuel stations will be subject to maximum rates, temporarily introduced as part of the government's “Fuel Prices Lower” regulatory package. They are intended to limit the increase in prices of these products. The ministry sets the limits based on the average wholesale price on the domestic market, to which it adds excise duty, fuel surcharge, sales margin and VAT.
According to the current announcement of the Minister of Energy, from Saturday to Monday, a liter of unleaded 95 gasoline cannot cost more than PLN 6.05, unleaded 98 gasoline – PLN 6.63, and diesel oil – PLN 6.34. This is less than on Friday, when the upper price ceilings were PLN 6.16, PLN 6.73 and PLN 6.37 per liter, respectively. The next announcement from the ministry will appear on Monday and will indicate the prices applicable on Tuesday.
The Ministry of Energy publishes announcements with maximum rates every day. They enter into force the day after their publication in Monitor Polski. If they appear before non-working days or holidays, they are valid until the next business day. On the first day of the regulation, i.e. March 31, unleaded 95 gasoline could cost a maximum of PLN 6.16 per liter, 98 gasoline – PLN 6.76, and diesel fuel – PLN 7.60.
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On Thursday, regulations were published in the Journal of Laws, according to which reduced VAT and excise duty rates on fuels, included in the “Fuel Prices Lower” package, will apply until June 15. At the same time, the government extended the maximum prices at gas stations announced by notice until the same date. Previous regulations of the CPN package assumed that the reduced rates would apply until May 15, and then they were extended until May 31.
Fuel in Poland is almost the cheapest in the entire European Union
The level of wholesale fuel prices in Poland depends on global oil prices, which are influenced by the geopolitical situation. The attack by the United States and Israel on Iran on February 28 led to an increase in global prices of crude oil and finished fuels. These changes translated into the level of retail prices in many countries, including Poland. Currently, the market situation is gradually stabilizing.
In its analysis, the Reflex office points out that the last week of May brought declines in oil and fuel prices. The largest reduction concerned diesel oil, which fell by 40 groszy per liter per week – the average domestic price of this fuel on May 28 was PLN 6.50 per liter and was the lowest since the end of February, i.e. since the outbreak of the conflict in the Middle East.
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“This is not the end of the good news. Due to the ongoing decline in wholesale fuel prices, the beginning of June may bring a further decline in fuel prices at domestic stations,” the office emphasized in Friday's analysis. Reflex analysts indicate that the price of unleaded 95 petrol is likely to drop below PLN 6 per liter next week. Experts also point out that thanks to the CPN package, fuel prices in Poland are among the lowest in the entire European Union – only in Malta it is cheaper.
On Friday, on the American commodity market, contracts for WTI crude oil for June delivery dropped by 1.10 percent, to $87.89. per barrel. In turn, July Brent crude oil futures contracts lost 1.84%. and reached $91.99. per barrel.
