Poland sets maximum retail fuel prices

The Polish Ministry of Energy has issued its first regulation setting maximum retail fuel prices, RMF24 reports.

Under the new rules, effective on March 31:

• A-95 gasoline cannot exceed 6.16 zł ($1.65) per litre

• A-98 gasoline cannot exceed 6.76 zł ($1.81) per litre

• Diesel fuel cannot exceed 7.60 zł ($2.04) per litre

Retailers must comply with the limits, with violations subject to fines of up to 1 million zł (about $270,000).

The measures coincide with a decree from the Ministry of Finance and Economy reducing excise taxes on gasoline, diesel, and biofuels, aimed at stabilising prices for consumers.

By Vugar Khalilov