Fuel prices reach 3-month high

Average fuel prices increased by PLN 0.05 last week, while diesel prices grew by PLN 0.06, and LPG prices went up by PLN 0.03, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.72/liter, diesel at PLN 4.63/liter and LPG at PLN 2.07. Meaning that current prices are the highest since mid-January. “The increase in wholesale prices of gasoline and diesel in the last week by PLN 0.04 and PLN 0.03 respectively, practically excludes the possibility of any major fuel price decreases with the beginning of April. The good news is that at the moment virtually all wholesale price increases have been translated into the retail market, so in the first half of April, the average level of fuel prices should remain relatively stable. Unfortunately, in the long term, considering the OPEC policy and the upcoming period of seasonal consumption growth, fuel prices may continue to grow,” BM Reflex analysts said.