According to e-Petrol, in the middle of the 28th week of 2022, 95-octane gasoline and diesel fuel had to be paid on average at domestic stations of PLN 7.51 / and PLN 7.56 / t, respectively. This means that during the week the average price of the popular 95 decreased by 23 groszy per liter, and the price of diesel decreased by 18 groszy per liter.
At the same time, autogas became cheaper by PLN 0.05 on average, to PLN 3.39 / l.
In the wholesale trade in the week ending July 13th, the prices of 95-octane petrol fell by PLN 0.03, and diesel fuel prices fell by PLN 0.01 per liter. This is the effect of a huge discount on the crude oil market (to approx. USD 100 / b Brent), which was largely offset by the weakening of the zloty against the dollar (to approx. PLN 4.78 / USD – the highest level in history).
It is worth noting here that the actual fuel purchases at the stations are often much cheaper, thanks to the 30/40 grosz holiday discount introduced by Orlen for the participants of the loyalty program. In response to the promotion of Orlen, other stations are introducing reductions in fuel prices. The discounts were offered by Lotos and BP, and the Moya station network has recently joined this group.
Average fuel prices in retail: 07/13/2022 / weekly change (according to the e-petrol.pl portal):
• Pb98: PLN 8.19 / l (-14 gr / l);
• Pb95: 7,51 PLN / l (-23 gr / l);
• ON: 7,56 zŁ / l (-18 gr / l);
• LPG: 3.39 PLN / l (-6 gr / l).
We have long forgotten that the government lowered the VAT rate on fuel from 23% to 8%. Were it not for this, the prices of gasoline and diesel would be approx. PLN 1 / l higher than at present. Unfortunately, lower VAT does not help entrepreneurs who pay the net price (they deduct VAT).
Oil market:
Brent crude oil prices fell by nearly 10% last week, to USD 97.5 / b (Thursday noon -14.07.22). The sell-offs that have been going on for several weeks concern most of the raw materials and result from fears that the coming recession in the global economy will limit the demand for goods. Another factor driving the sell-off is the outflow of capital from stocks and commodities into the US bond market, which is generating increasing returns.
Unfortunately, drivers are not helped by the sharp depreciation of the zloty against the dollar. The USD / PLN exchange rate has fluctuated around PLN 4.8 for several days and is the highest in history.
Andrzej Bąk – EWGT
Price source: PKN Orlen, e-petrol.pl, barchart.com
Related
–
