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    1. Auspectress on

      Poland will impose its first fuel price cap from Tuesday, the energy minister said, as the government moves to shield consumers from surging global oil prices.[](https://tvpworld.com/91892474/iran-us-energy-fears-swirl-as-qatar-shuts-massive-lng-plant)

      Under a notice published on Monday, the maximum price for 95-octane petrol will be 6.16 zloty (€1.55) per liter, while diesel will be capped at 7.60 zloty (€1.91). 

      Higher-grade 98 petrol will be limited to 6.76 zloty (€1.70) per liter. 

      Warsaw has introduced the emergency nation-wide price cap, set daily by the energy minister, in response to rapidly rising gas prices sparked by US and Israel’s war on Iran. 

      Artificially capping the prices will cost the budget around 700 million zloty (€162 million) per month, the Finance Ministry has estimated. 

      The cap is calculated using a formula based on average wholesale fuel prices in Poland, plus excise duty, a fuel surcharge, a fixed retail margin of 0.30 zloty (€0.08) per liter and value-added tax (VAT). 

      Retailers selling above the limit face fines of up to 1 million zloty (€250,000). 

      “Let’s remember that when prices at gas stations actually change depends on administrative, legislative and technical factors, such as adapting systems and cash registers,” Energy Minister Miłosz Motyka has said. 

      As part of a broader legislative package, designed to alleviate some of the economic pressure caused by the global turmoil on energy markets, the government has also cut VAT on fuels to 8% from 23% starting March 31 and reduced excise duties to the minimum levels allowed under European Union rules. 

      The VAT reduction will cost the state about 900 million zloty (€209 million) monthly. 

      Polish Prime Minister Donald Tusk said the package was designed to bring down prices at the pump and ease inflationary pressure. 

      He added that the government could consider a windfall tax on fuel companies if excessive profits are identified. 

    2. This NEVER works. All pumps will suddenly be out of fuel and they’ll sell it on the side. 

    3. Wow they’re capping fuel at a cheap price. 1,55 € for 95? That’s an amazing price

    4. Let’s artificially limit the cost on goods that’s in limited supply, that will surely help reduce demand.

    5. Wouldn’t it be better to rebate fuel cost for delivery/food/goods drivers or transport/public transport companies, to keep prices in check, rather than subsidise all drivers by all taxpayers regardless?

      I just don’t like the idea of paying extra taxes because Grazyna can’t be bothered to walk 10 minutes to her local grocery store and she just „needs“ to take her almost 2-ton SUV just to leave with a single bag, while the engine is idling because “it’s cold” (true story, by the way). Or in other words, to subsidise „samochodoza“ (car-centric culture).

    6. NoExperience9717 on

      So will the oil companies not compete for oil products above this price? That’ll mean that someone else gets their supply as they’re willing to pay more. Either that or the government subsidises the difference.

    7. An interesting play by Tusk’s government. This is a high risk high reward, short-term bet. Bet on the war disruption ending soon. Because short-term it will halt inflation and help the economy – but long-term polish budget will not be able to maintain this. Which means long-term it is not sustainable and if it goes back to unregulated too soon – the whole gain from it will be nullified.

      So it is a band-aid solution praying on the wound not to get bigger.

    8. 1.55 lol.

      Here in Greece its already 2+ and the party is just starting. Greece being a 3rd world country as usual.

    9. This price should be applicable to only vehicles with polish licence plates, otherwise those smartass from border countries will mess it up…

    10. I don’t know much but just curious, but could those living in neighbouring countries now just cross the border to fill up their cars for cheap?

    11. LingonberryNo3548 on

      Capping prices does nothing. Consumers are just paying it through general taxation as the government will cover the difference. You need to actually force down demand through ensuring there are less people trying to obtain it.

    12. lindberghbaby41 on

      Of course people not driving should subsidize the petrol for car owners, it’s imperative they’re punished for not participating in car culture.

    13. -CynicalPole- on

      Which causes propaganda influx from far right parties and figures, such as Jakubiak

    14. Independent_Pitch598 on

      Why doing this? Isn’t it better not to do this and as a result attract more for hybrids and electric vehicles ?

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