PGNiG prepares to pump up prices to overcome oil hikes

Polish Oil and Gas (PGNiG) is drafting a new gas tariff to come into effect on October 1 that will see its prices rising. The Energy Regulation Office (URE) will learn the full details of the plan some time in July, although the proposed price rises are known to be a direct result of growing cost of oil. At present, the gas operator is only allowed to change its tariffs once a quarter should the price of imported gas grow by 5% or more. However, representatives of PGNiG refused to even estimate the scale of the planned price rises, with PGNiG's president, Marek Kossowski, saying such a disclosure would not be possible "until the analysis is concluded." He also added that while gas prices have increased by a few dozen percent over the last three years, PGNiG has hardly changed what it asks for its products. Regarding the the company’s request to it, the URE’s Andrzej Kania commented, "The current situation is favorable for the company." (Puls Biznesu, pp. 1, 12) M.M.