As the PIE expert pointed out, the war in Ukraine caused a surge in fuel prices. In February, the price of fuel for diesel engines became more expensive – its price increased to PLN 8 per liter at the peak, and then stabilized around PLN 7.50.
– Such a drastic increase was the result of concerns about the embargo on supplies from Russia – he recalled. He added that European countries import not only Russian oil, but also processed fuels.
Klucznik recalled that in recent weeks gasoline and diesel prices in Poland have become equal.
– The e-petrol data show that we observe similar trends in all European Union countries – he stressed. According to the expert, this is probably the result of the high burden on European refineries, which they make up for limited imports from Russia.
– We expect diesel and gasoline prices to remain similar in the coming months – assessed.
Record prices? “Solid Demand Effect”
In the coming months, fuels will remain expensive. – The peak prices will take place during the summer holidays – about PLN 7.5-7.7 per liter. This will be the effect of solid demand due to the holidays and limited refineries processing capacity – the expert pointed out. He noted that prices were additionally boosted by the need to replace Russian oil with imports from other directions, including Norway, Middle East.
According to the expert, the economic slowdown in the second half of the year will lower the prices of oil and gasoline at the stations.
– US EIA forecasts indicate that oil prices will fall below $ 100 in the second half of the year. a barrel. The EIA expects a barrel of oil to cost an average of $ 93 in 2023. – he pointed out. In his opinion, a strong decline in economic activity in the world may, however, cause a stronger fall in oil prices.
–
