As the PIE expert pointed out, the war in Ukraine has caused fuel prices to rise. In February, the price of fuel for diesel engines became more expensive – its price rose to PLN 8 per liter at the peak, and then settled around PLN 7.50.
He noted that this significant increase was the result of concerns about the embargo imposed on supplies from Russia. He added that European countries import not only Russian oil, but also processed fuel.
He stressed that the electronic data for gasoline shows that we observe similar trends in all countries of the European Union. According to the expert, this is probably the result of the heavy burden on European refineries, which they compensate for with limited imports from Russia.
– We expect diesel and gasoline prices to remain unchanged in the coming months – evaluation.
Standard prices? “Strong Demand Effect”
In the coming months, fuel will still be expensive. – Peak prices will occur during the summer holidays – about 7.5-7.7 PLN per liter. This will be a result of strong demand due to holidays and limited refinery processing capacity, the expert noted. He noted that prices were further strengthened by the need to replace Russian oil with imports from other directions, including Norway and the Middle East.
According to the expert, the economic slowdown in the second half of the year will reduce oil and gasoline prices at stations.
– The US Energy Information Administration forecasts that oil prices will fall below $100 in the second half of the year. barrel. The Energy Information Administration expects the price of a barrel of oil to average $93 in 2023. – He pointed out. In his opinion, a strong decline in economic activity in the world may, however, lead to an even stronger decline in oil prices.
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