Fuel prices at the stations should drop further in the coming days, but we will not return to the levels from before the Russian invasion of Ukraine, the Reflex Brokerage House informed. E-petrol analysts are also expecting further cuts.
–
Average prices at petrol stations in Poland: 95 lead-free petrol – 6.67 PLN per liter, 98 lead-free – 7.00 PLN, diesel – 7.43 PLN and autogas – 3.80 PLN. Urszula Cieślak from BM Reflex pointed out in Friday’s comment that this week the price of Pb95 gasoline fell by an average of 39 cents per liter, Pb98 by 50 cents, and diesel by 51 cents. “The only fuel that will become more expensive this week is autogas. Its price is PLN 0.15 / l higher than last week,” Cieślak noted.
–
In the analyst’s opinion, “as a result of the fall in wholesale prices, fuel prices at the stations should fall further in the coming days, but we will not return to the levels of prices before the invasion of Ukraine”.
–
The e-petrol industry portal drew attention to the recent declarations of the president of PKN Orlen, Daniel Obajtek. In recent days, the head of the Płock concern announced cuts in fuel prices on Twitter twice. The last entry in this matter appeared on Wednesday.
–
According to analysts, “such a move will probably entail similar changes in the competition”. “The space for such changes appeared as a consequence of significant reductions in the wholesale market and it seems that – unless there is a clear jump on the international market – the direction of changes for petrols may still remain downward” – forecasts e-petrol.
–
Differences at petrol stations
According to Urszula Cieślak, the difference in the prices of individual fuels should decrease depending on the operator.
–
An analyst at BM Reflex noted that recently there have been many questions as to why prices at some stations remain well above the national average. “One of the reasons for this situation is lower fuel sales by stations compared to sales in the first days after the invasion of Ukraine. At that time, the increased demand for fuels influenced the rapid rotation of fuel in the station’s tanks, and each subsequent fuel supply was significantly more expensive, pushing prices up to record levels. Today the situation has turned around “- she explained.
–
Cieślak pointed out that “fuel prices have started to decline, but many users and end-users have their tanks full”. “Hence today, although prices are more favorable than March 10, station owners are often unable to sell off a particular fuel delivery in a day or two. Today, it takes more time to sell the same amount of fuel, and this causes prices to fuels at the station do not fall proportionally to the reductions in wholesale “- indicated analyst BM Reflex.
–
Crude oil – quotes
On Friday, we saw an increase in crude oil prices on world stock exchanges. According to e-petrol, in recent days we have been dealing with a mood swings on the oil markets.
–
“The last days on the London oil market were characterized by high volatility in oil prices, which fell below $ 100 in the middle of the week. Crude oil prices in London on Wednesday set March lows, falling to $ 97.44” – noted analysts.
–
A barrel of Brent crude oil was worth over $ 107 on Friday evening. US WTI crude oil prices also rose. You had to pay $ 105 for a barrel.
–
“The sell-off in the first half of the week was driven mainly by concerns about the epidemic in China, where the first local restrictions limiting social mobility appeared with the increase in COVID-19 cases. Beijing’s restrictive zero-tolerance policy for the coronavirus as the next wave of the epidemic spreads may adversely affect the demand for petroleum products. The fall in prices on the oil exchanges was additionally fueled by reports on the progress in negotiations between Ukraine and Russia, which appeared on Wednesday, “e-petrol analysts explained.
–
However, they stressed that “the optimism related to this information turned out to be premature and the statements of the Russian president in the following days did not indicate that military operations in Ukraine could end quickly”. “In addition, investors in the crude oil market learned the updated forecasts of the International Energy Agency, according to which the decrease in demand caused by the increase in prices or the situation in China will be lower than the loss of supplies from Russia, and therefore the balance of supply and demand will be unfavorable for the consumers of the raw material. to rebound in the oil markets and before the weekend, oil prices recovered a large part of the losses from recent days, analysts said.
–
Live TVN24 – watch on TVN24 GO:
–
photo-source">Main photo source: Shutterstock
—
