Fuel prices on the rise. Should stabilize

Average fuel and prices increased by PLN 0.02, while LPG prices dropped by PLN 0.01 last week, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.73/liter, diesel at PLN 4.63/liter and LPG at PLN 2.13. This week should see a stabilization of the prices with some possibility for decreases. “The situation on the wholesale market has improved, and there were some cuts last week. This should halt further price hikes at the stations, and if wholesale declines continue, there will be an opportunity to downgrade retail prices. Whether wholesale prices will go down will depend on forthcoming data on the number of drilling rigs in the US, data on oil stocks and the effects of the committee meeting overseeing the oil producers' agreement,” BM Reflex analysts said.