Here are fuel prices for November 11 and 12. The Ministry of Energy has announced the maximum rates

According to the announcement of the Minister of Energy published on Tuesday, on Wednesday and Thursday (November 11 and 12), the maximum price of a liter of EU95 petrol will be PLN 6.10, EU98 petrol - PLN 6.70, and diesel - PLN 7.66.

This means that petrol will be more expensive than on Tuesday, while diesel will be cheaper. The day before, the maximum prices were PLN 6.04 per liter of EU95 petrol, PLN 6.67 for EU98 petrol and PLN 7.74 for diesel, respectively.

The next announcement regarding maximum fuel prices will be published on November 12 and will set the rates for Friday.

A government package limiting price increases

Let us remind you that the introduction of price limits is part of the third installment of the Lower Fuel Prices (CPN) program. Its aim is to limit price increases at gas stations and reduce refueling costs for drivers.

The mechanism was launched after the provisions of the Act on tax on extraordinary profits of fuel companies came into force. The President signed the act and referred it to the Constitutional Tribunal for subsequent review.

Severe penalties

Failure to comply with the maximum fuel prices may result in severe penalties - up to PLN 1 million. The act also enabled a temporary reduction in excise duty and VAT on liquid fuels. Financing for the program comes from a new tax imposed on oil companies making above-average profits.

The first version of the CPN program was introduced at the end of March in response to the increase in oil prices related to the conflict between the United States and Israel with Iran. The second version was valid in August.

According to the government's assumptions, support for drivers under the CPN package is to be valid until the end of 2026, and its cost is estimated at approximately PLN 5 billion.