Excise duties on oil could be reduced in order to keep economy on track

According to the PM, the budget can now afford such a move because of very high oil prices, which results higher budget revenues from the extra VAT that is received. Following last week's increases in oil prices, on Friday PKN Orlen and Czechowice Refinery also raised their prices at their petrol stations. Grupa Lotos has not been slow to react and has indicated they will soon follow suit. Jarosław Neneman, Raczko's adviser, has confirmed that the cuts on excise are possible. The minister is expected to take a final decision next week. (Parkiet, p. 1) A.F.