NBP responds to Litwiniuk’s statement on fuel prices. “Scandalous and untrue”

We estimate that fuel prices will rise by at least 10 percent after the November elections, the MPC member said. There is strong denial from the NBP.

“In connection with the scandalous, surprising and unauthorized statement of the MPC of Mr Przemysław Litwiniuk, the NBP announces that it is completely fabricated and untrue. The NBP is not responsible for predicting fuel prices. Within 10 days the price will of a barrel of oil can recently change from minimum to maximum, i.e. from $82 to $95 per barrel. The exchange rate of the zloty is also variable and impossible to predict precisely. Mr. Litwiniuk, in violation of the basic principles, brutally participated to the election campaign. read in the message published by the NBP press service on the X website.

This is an interview given by a member of the Monetary Policy Council to TVN24. He referred, among other things, to the current low fuel prices. – It is difficult to find an economic justification for such a procedure, or at least it has not yet been revealed. So I understand those who are looking for a political statement, he said. In his opinion, “it can be estimated that fuel would be PLN 1.20 or PLN 1.50 more expensive if there had not been a temporary zero or negative import parity.”

– We estimate that fuel prices will rise by at least 10 percent after the November elections and another 9 percent in December. This will result in an increase in inflation of half a percent in November and an increase of half a percent in December. Of course, this is an estimate based on daily data, today the situation in the world is such that oil prices can completely change their parameters – said Przemysław Litwiniuk, emphasizing that “these are estimates arising from the forecasts of the National Bank of Poland .”

Will fuel prices rise after the elections? Minister Buda explains

Last week, Minister of Development and Technology Waldemar Buda was asked in the program “The Heart of the Matter” on Radio Plus about the accusations that some opposition politicians had made against PKN Orlen about artificially lowering fuel prices before the parliamentary elections.

– These opposition advisers, these tellers of bad news, are truly comical. I remember such a discussion when professors and economists sat in the TVN24 studio and said: inflation of 18%. will last two years, it is not possible, as Morawiecki and Buda say, that it will fall below 10% in 2023; the economy has no such cases. It’s September, inflation is below 10%. – noted the Minister of Development and Technology.

– Intimidation is the role of the opposition. However, PKN Orlen has always had the lowest prices in Poland. And it’s great that all these foreign companies are working hard to reduce their margins because they see that there is a strong player dragging them down, he pointed out.

Source: Do Rzeczy

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