After a period of visible reductions, fuel prices at the stations are increasing. Orlen explains why this happens.
For several weeks, gasoline could be purchased at Orlen stations at a very low price – PLN 5.99/l. However, in recent days, prices have started to rise. Opposition politicians warn on social media that this is the result of the elections. They emphasize that they warned that this would be the case– that we will become more expensive to refuel after the parliamentary elections.
Meanwhile, Orlen explains the situation on the global fuel market. “Fuel prices in Poland are currently among the lowest in Europe. This is a permanent phenomenon – diesel oil and petrol at domestic stations have been among the cheapest in the EU for years. ORLEN operates in a market-based manner, which means that its pricing policy is designed taking into account the macroeconomic situation” – says PKN Orlen in a press release
“In September and early October, the situation on the world market indicated a decline in finished fuel prices, caused, among other things, by economic stagnation in the most fuel-consuming countries, additional supply of fuels and crude oil, and high levels In the first week of October, crude oil prices fell by about USD 10 per barrel. Finished fuel prices also fell: diesel oil by almost 11 percent and gasoline by more than 16 percent. – emphasizes the company.
The war in the Middle East and fuel prices
We read further that “tHowever, the downward trend was interrupted by the escalation of the situation in the Middle East.” “Since then, crude oil and finished fuel prices have been on an upward trend and have now returned to previous levels. However, ORLEN will continue its policy of stabilization and try to limit fuel price fluctuations caused by the instability of the geopolitical and economic situation in the world,” assures the company headed by Daniel Obajtek.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
