Growth in gasoline, diesel fuels in 2016

According to data from the Polish Organization for Oil Industries and Trade, public consumption of gasoline and diesel, used primarily by automobiles, grew during Q3 by 10 percent in Poland, the Polish press reported on Tuesday. By the end of the quarter, it had amounted to 21.36 million cubic meters. The organization stated that the growth in consumption could be attributed to more effective inspection of services – which limited so-called ‘black market’ sales of fuels – and also to favorable macroeconomic factors, such as increased retail demand and GDP growth. “It still maintained a high growth trend for…motor gasoline, which is a significant difference in the trends observed in recent years (and) a large increase for diesel, which was a consequence of legislative measures affecting the market – but was also associated with an increase in Polish GDP. The ‘fuel package’ significantly reduced the illegal fuel market in August and September 2016,” part of the statement read. In addition to increases recorded in Q3, the organization reported that consumption during the first three quarters of 2016 was higher, by 2 million cubic meters, than during the same period in 2015.