The president signed the act on tax on extraordinary fuel profits and expects price reductions

The president announced the signing of the act in his Thursday speech. He added that he expected immediate price reductions at gas stations and that the government was fully responsible for them. The President also announced that he would refer the bill to the Constitutional Tribunal under the so-called follow-up inspection.

Prime Minister Donald Tusk commented on the president's decision on social media. "It wasn't me who won. The winner was the Poles, who will pay less for fuel this weekend," he wrote.

Announcement of the Minister of Finance. Then fuel prices will be reduced

Earlier, the Minister of Finance and Economy, Andrzej Domański, announced that after the announcement of the act and the adoption of appropriate regulations, fuel prices at stations may drop by approximately PLN 1.2-1.3 per liter over the weekend. The bill introducing a tax on windfall profits of fuel companies was adopted last week without amendments by the Senate. The money from the levy provided for in the act is to finance the "Fuel Prices Lower" protective program.

The government's second approach

This is the second attempt by the ruling coalition to introduce this tax. The previous law on this matter was submitted to the Constitutional Tribunal by President Karol Nawrocki in August as a preventive review. The first version of the CPN (Fuel Prices Lower) package was introduced at the end of March and was a reaction to the rising oil prices in connection with the war between the US and Israel with Iran.

It involved a temporary reduction in VAT and excise duty on petrol and diesel oil and the introduction of a maximum price mechanism announced by the Minister of Energy. It was valid until the end of June (the excise tax reduction was valid until mid-June). During the summer holidays, from August 17 to 31, the second version of the CPN program was introduced - without an excise tax reduction.