MP Ryszard Petru believes that as part of the tax imposed on the company, Orlen is expected to “give back to the nation what it took from the company” during the period when energy prices skyrocketed.
A group of parliamentarians from KO and Poland submitted 2050-TD a bill to freeze the prices of electricity, gas and heat for households and sensitive entities until the end of June 2024. It is assumed that the proportional limits for current consumption are maintained and that the groups under protection are maintained.
According to Wysokie Voltage, most of the costs of further freezing of energy, gas and heat prices will be covered by Orlen. The authors of the project assumed that the company would pay almost PLN 15 billion. This caused a massive crash in Orlen’s shares – on Wednesday the company lost more than PLN 5 billion in value.
On Thursday, the Ministry of State Assets sent an official letter to the Polish Financial Supervisory Authority to investigate the flows of Orlen shares on the stock exchange on Wednesday.
The company’s president, Daniel Obajtek, asked President Andrzej Duda for a “thorough analysis” of the bill by coalition parliamentarians, which Obajtek said is aimed at Orlen’s financial stability.
Petru about Orlen: As a monopolist he robbed Poland. He will give back to him what he has taken
Third Way MP Ryszard Petru said on TVN24 that Orlen will be subject to a one-time tax on excess profits. – I am against monopolistic companies, and Orlen has a monopoly position on the market. He has 70 percent wholesale business in Poland. We don’t just support Orlen by buying from Orlen, we have to be aware of this, he argued.
He said the company “looted Poland at a time when energy prices were skyrocketing.” – We had no choice but to buy fuel from Orlen, in one form or another, and thanks to this Orlen had excess profits, which are now taxed – he said.
He went on to say: “Mr. Obajtek has something on his conscience and I don’t think he should say anything now, especially since there are a lot of other things that we need to not only hold him accountable for, but also monitor the entire transaction with Lotus.”
He argued that the purpose of imposing an additional tax on Orlen is “to create a monopoly on the fuel market in Poland, which plunders the Poles and every Pole today can feel deprived by Orlen and today, by this tax, Orlen returns to the nation. what it cost.” “.
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.
