Jasło Refinery proposes change of excise regulations

The Jasło Refinery, owned by Nafta Polska, is hoping for Finance Ministry assistance to improve its financial results. "We are suggesting that new regulations being prepared by the Ministry exempt trading of oil-products between refineries from the excise duty," said Jasło's economic director Robert Bialik. Last year the company recorded a zł. 19 million loss. This year has so far appeared more merciful for the refinery which expects a zł. 1.5 million net profit at the end of April. "We plan to close the year with a zł. 5.3 million gross profit with incomes at zł. 524 million. If the Ministry agrees to our proposal, profits could be zł. 2.5 million - zł. 3 million higher," Bialik added. The refinery also gave assurances that thanks to bank loans and its own finances it will manage to complete the year's planned investments, amounting to zł. 25.9 million. (Puls Biznesu, p. 8) K.Ż.