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BackWe know the new fuel prices. We'll refuel a little cheaper on Friday
We know the new fuel prices. We'll refuel a little cheaper on Friday
Developing
RMF2412 minutes agoBusiness1 min readView original

We know the new fuel prices. We'll refuel a little cheaper on Friday

On Friday, a liter of 95 petrol will cost no more than PLN 6.06, 98 - PLN 6.68, and diesel - PLN 7.54.

Quick Look

  • On Friday, a liter of 95 petrol will cost a maximum of PLN 6.06, 98 - PLN 6.68, and diesel - PLN 7.54.
  • These are lower rates than in previous days, resulting from the government package limiting the increase in fuel prices.

AI-generated summary

Why It Matters

The Fuel Prices Lower program is intended to limit price increases at gas stations and reduce costs for drivers.

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On Friday, a liter of EU95 petrol will cost no more than PLN 6.06, EU98 petrol - PLN 6.68, and diesel - PLN 7.54 - according to the announcement of the Minister of Energy published on Thursday.

This is 4, 2 and 12 groszy cheaper than on Wednesday and Thursday.

The next announcement regarding maximum fuel prices will be published on November 13 and will set the rates for Saturday, Sunday and Monday.

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.

What to Watch

AI outlook — possibilities, not facts

  • Publication of another announcement regarding maximum fuel prices

    Very likely · Within days

Open Questions

  • What will the rates be after November 13?
  • What will be the final influence of the Constitutional Tribunal on the Act?

Related Topics

This article was originally published by RMF24.

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