Five in front at the stations? “Such a gift for Santa Claus”

“The price of oil (in PLN) is already 30% cheaper than the September peak. Wholesale prices at Orlen are also getting cheaper and are just a hair’s breadth away from an “election promotion”. If the trend continues (strong PLN, cheaper oil), then in a few/dozen 5 days ahead is possible again. Such a gift for Santa Claus,” wrote economist Rafał Mundry on Wednesday on X.

On Wednesday before The 8th barrel of American WTI crude oil on the New York Stock Exchange fell by 0.04% to USD 72.29. The trend is also visible in prices in Polish currency.

The five in front on the pylons is an unlikely, but not impossible, scenario – says Dawid Czopek, fuel market analyst, in an interview with money.pl. – Taking into account what is currently happening, we should be closer to six than seven, especially on petrol – he adds.

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The zloty has significantly strengthened against the dollar, and refining margins are falling. The market situation is very dynamic, but at the moment PLN 6 is the absolute minimum. The question is also how the station owners will behave, considering how much they lost on the September-October promotion. PLN 5 per liter may be available, but these will be incidental cases, Czopek points out.

“As expected, fuel is getting cheaper at stations, but the dynamics of reductions in recent days has not been high. However, the downward trend should continue at the beginning of December, which will make pre-Christmas refueling cheaper than last year.“- write e-petrol experts in the report published on December 1.

“The discount at gas stations is possible thanks to the favorable situation on international markets, where the zloty has been strengthening for several weeks, and crude oil prices, after the declines in the second half of October, have stabilized around $80. Fortunately for drivers, the revolution on the oil market should not “also bring the latest decisions of OPEC+ on production policy for the coming months,” they add.

Let us remind you: at the end of August this year, Goldman Sachs bank analysts drew attention to the “anomaly” in fuel prices in Poland, which we at money.pl were the first to write about. They stated that While in the Czech Republic, Slovakia and Hungary fuel prices increased in the summer along with rising oil prices, this was not the case in Poland. This brought up associations with the so-called the miracle at Orlen, i.e. the situation at the turn of the year. Despite the restoration of 23 percent VAT rates on fuels, fuel prices at Orlen almost did not change then.

“Retail fuel prices are primarily a derivative of wholesale prices in a given marketwhich in turn are shaped by a number of macroeconomic and local factors, including: sources of fuel, raw material costs, fiscal burdens and production and service costs, including the cost of energy, logistics and labor costs,” the company said in response. .