in Poland they have been falling consistently for several weeks. At some stations, petrol and diesel cost less than PLN 6 per liter, despite the expensive crude oil. .
Low fuel prices. Former president of Lotos: It is obvious that Orlen uses intervention reserves
Last week, “Polityka Insight” unofficially reported that “Orlen has been using emergency fuel stocks to balance the market for at least several weeks.” The website also added that fuel prices were expected to rise quickly after the parliamentary elections. “According to our information, the president of Orlen was to tell his business partners that the extraordinary situation on the Polish market would last until election day (October 15),” it was written. Orlen denied these reports.
Paweł Olechnowicz, former president of Lotos, said that he believed it was “obvious” that it was using intervention reserves, although the company clearly denied the unofficial reports of “Polityka Insight”. – There is no point in even asking Orlen about it, because how is it supposed to answer it – he added in a conversation with .
– There is no other option to secure the Polish fuel market with such a huge price difference compared to our neighbors. Huge amounts of fuel must be supplied to the market because it disappears very quickly. With such low prices, there is no other option but to support current fuel production with reserves, said Paweł Olechnowicz. The former president of Lotos emphasized that material reserves are not intended to “pursue political goals and help win elections.”
Former head of Lotos: Orlen may cause trouble, the EU may launch control activities
Olechnowicz believes that Orlen may cause trouble. – As far as I know, EU offices responsible for monitoring market competitiveness are already closely monitoring what is happening in Poland in terms of irregularities on the fuel market and using this situation for political purposes. I suspect that the European Union may soon launch control activities in this area, said the former head of Lotos.
Source: Gazeta
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