Poland’s prime minister proclaimed that his country now has the lowest fuel prices in the EU.
Poland’s prime minister proclaimed that his country now has the lowest fuel prices in the EU.
Retailers caught selling above the cap face fines of up to 1 million zloty.
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The government hopes the cuts will lead to a 1.2 zloty/litre drop in price.
Its “triple deficit” in energy, public finances and current account makes it especially vulnerable.
In southern Poland, meanwhile, Poles are reportedly travelling to Slovakia for the same reason.
Poland has increased its export capacity to help supply its eastern neighbour.
However, eight member states continue to mine brown coal.
Ukraine’s energy minister “thanked our Polish partners for their consistent support”.
Around three-quarters of the output came from fossil fuels, including almost 60% from coal.
It was “the most powerful attack on the Polish power system in years”, says the energy minister.
The Energy Regulatory Office hailed the auction “an event of major importance on the path of the country’s energy transition”.
Power prices for businesses would also fall by 20%, says President Karol Nawrocki.
The proposed law will “pave the way for a just transition in mining regions”, says the energy minister.
The country now also has the bloc’s second-most-expensive electricity, when taking cost of living into account.