Fuel prices are rising. Will we pay PLN 7 per liter at gas stations? Comments Jakub Bogucki, analyst at e-petrol.pl

On Saturday, further increases were introduced in Orlin’s price list. The price of Ekodiesel diesel oil rose to PLN 5,338 per thousand litres. This is the highest level since April 15 of this year, when the cost of these types also reached PLN 5,338. This means an increase of PLN 580 since the parliamentary elections (an increase of PLN 58 per litre). Wholesale fuel prices at Aramco Poland also rose on Saturday. According to this price list, one thousand liters of European diesel oil costs PLN 5,412.

There is a slight decline in wholesale prices for unleaded 95 petrol, although levels are still much higher than before the parliamentary elections. One thousand liters of 95 unleaded gasoline costs PLN 5,193. Since the parliamentary elections, the wholesale price of gasoline 95 has increased by PLN 439, which means an increase of about 44 groz per liter. The wholesale price of unleaded gasoline 95 at Aramco Poland also decreased.

According to Dr. Jacob Bogocki “In the near future, unfortunately, we will see further increases, perhaps not as spectacular as last week, but price increases are still ahead of us, at least by a few cents compared to the prices of the previous week.”

– Last week’s jump was impressive, as it exceeded 30 cents in terms of the average price of gasoline and diesel. This week, the change will not be so radical, it will be a few cents, maybe a dozen or so at some stations, but it will still be a noticeable movement – noted the fuel market analyst from e-petrol.pl.

This week at most stations in Poland we have to pay PLN 6.49-6.62 for a liter of gasoline, Bogocki said. In the case of diesel oil, it will be between PLN 6.55-6.69.

According to the analyst, in November we may pay PLN 7 per liter of fuel. Seven zlotys is quite real, but not certain. The situation is improving a little when it comes to the international market, because oil has become a little cheaper in recent days and this may help us a little bit, but as a Polish market we have to catch up with the period in which we kept the prices very low,” said Jakub Bogowski.

“The trend of PLN 7 is likely in the near future, but reaching PLN 7 may take us some time,” the expert noted. – I think we can see these levels no later than the end of November, assuming that nothing too serious happens in the international arena, because it could accelerate such a change – Bogucki emphasized.

He believed that the intensification of the conflict in the Middle East could contribute to accelerating changes. – For example, if a third country joins it, and if there is a political announcement that could slightly change the nature of oil production or transit in the region, we will see the markets react very quickly, of course with an upward surge. Reaction – fuel market analyst explained.

About rising fuel prices Jan Siuszak, Orlin Board Member for Finance, said during a press conference last week. The company representative was primarily interested in events in the Middle East.

– These are the trade routes, these are the routes through which tankers and crude oil flow, and these are the areas surrounding Saudi Arabia, which is a large source of crude oil. These are also the effects of recessionary phenomena in the global and European economy. All this needs to be monitored continuously. So, don’t believe these different stories, fairy tales made of mosses and ferns, about the cost of fuel there – said Szwiczak.