Orlen assures that prices will remain stable at petrol stations, but analysts expect hikes.
Orlen assures that prices will remain stable at petrol stations, but analysts expect hikes.
The firm denies claims it has artificially lowered prices to help the government’s re-election bid.
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Analysts believe state energy giant Orlen has been lowering prices at petrol stations to help the ruling party win re-election.
The war in neighbouring Ukraine is believed to have been a major factor in increased fuel demand in Poland.
Russia last month halted oil exports to Poland one day after Poland became the first country to donate modern Leopard tanks to Ukraine.
WrocÅ‚aw’s public transport authority and opposition parties have called for an investigation into the “thieving monopoly” of Orlen.
The Saudi company take a 30% stake in Poland’s GdaÅ„sk oil refinery as well as Lotos’ jet fuel business
There could be further acquisitions ahead for Orlen, says its CEO after completing the merger with PGNiG.
The price of 95-octane fuel is also rising sharply and experts are warning that this is not the end of the increases.
Petrol prices in Poland are up 35.57% and diesel 32.01%.
The two neighbours also agreed to lobby for Ukraine’s EU membership.
Poland’s mining giant KGHM wants to repurpose its existing coal plants.
Jakub Wiech
The Polish state oil giant has an opportunity to join the European elite, but this will come at a high price.
Electricity bills are rising by 24% and gas bills by 54%.