“Fuel has become cheaper at the stations, but the dynamics of discounts in recent days has not been high,” e-Petrol.pl portal analysts said. They added that Small price reductions of “a few cents” at gas stations Drivers should see this as well next week.
Analysts’ forecasts for the beginning of December assume the following price ranges for individual fuel types: 6.36-6.48/litre for 95 octane gasoline, 6.55-6.67/litre for diesel, and 2.98-3.05/litre for LPG.
The portal indicated that retail Fuel prices They are down for the second week in a row. “Diesel oil declined the most, which after a discount of 5 cents costs on average 6.64 PLN/l. We recorded a slightly smaller drop of 4 cents for 95 octane gasoline and auto gas. A liter of gasoline The cost is currently 6.47 PLN and refueling liquefied petroleum gas According to experts, “this is a cost of 3.03 PLN/litre.”
“Refueling before Christmas will be cheaper than last year. The discount at gas stations is possible thanks to the favorable situation on international markets, where the value of the zloty has strengthened for several weeks, and crude oil prices, after declines in the second half of October, stabilized around $80,” he said. Portal experts: From their point of view, the recent oil market should not cause a revolution either OPEC+ decisions Regarding mining policy for the coming months.
Analysts indicated that they dominated the wholesale fuel market last week Minor discounts. “They have brought the prices of 95 octane gasoline at refineries to pre-election levels,” they said. According to e-petrol.pl data, a cubic meter of this fuel in the official price lists of domestic producers currently costs an average of PLN 4,781.80 which is PLN 25.60 cheaper than last Friday. In the same period, the price of diesel oil became cheaper by PLN 76, reaching PLN 5,135.40 per cubic metre. “However, diesel is still much more expensive than in mid-October, when it cost less than PLN 4,800 wholesale,” the experts noted.
Analysts indicated that the findings reached by OPEC+ representatives would be implemented next month Voluntary reduction in production by PLN 900,000 barrels per dayThis complements the current production cuts of 1.3 million barrels per day, giving us a total result of 2.2 million barrels. At the same time, they noted that there had been a suggestion that “if market conditions are favourable”, the current production cuts would be phased out after the first quarter – “this is the first serious announcement from the largest participants in the agreement regarding policy changes.”
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“I waited impatiently Decision of the Producers Union And their allies turned out to be ineffective, and not a dangerous explosive material – or at least that is how the market evaluated the matter, which reacted after the announcement of the final arrangements regarding the levels of production reduction, with a significant decrease in the price of the raw material, and experts pointed to the materials.
They added that Brazil is among the countries that may join OPEC+ in the new yearBut it does not intend to submit to the necessity of limiting production.
Analysts noted that this week’s EIA reading on US stocks was a big surprise. Oil reserves It recorded an increase of 1.61 million barrels, although analysts expected a decrease of 1 million barrels.
In contrast, gasoline inventories increased by 1.76 million barrels, and analysts expected a decrease of 0.4 million barrels. In the case of middle distillates, instead of the expected increase of 0.2 million barrels, the EIA announced a sharp increase of 5.22 million barrels. “Barrels” – they added.
Read: Major oil companies will reduce oil production
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