– In the last two or three weeks, the fundamentals on the raw materials market and on the currency market changed to a plus for the Polish consumer before Christmas. Crude oil fell cheaper and the zloty strengthened – says Michał Stajniak, an expert at XTB, in an interview with MarketNews24. – For these two reasons, the price of gasoline at Polish stations should drop to the levels of 5.75-5.85 PLN / l. And we do not know to what extent the government anti-inflation shield contributed to the fall in prices.
Before December 20, i.e. before the introduction of the “shield”, very high prices at petrol stations remained, although crude oil was cheaper. It is possible that gas stations withheld reductions until December 20.
Oil prices go up significantly
Just before Christmas, one could expect a further reduction in prices, potentially by PLN 0.10 / l. However, on public holidays and the following days, crude oil on futures contracts began to rise. During the week, brent oil rose by 9.1% from USD 71.35 per barrel to USD 79.28.
– In Poland, the share of oil prices in prices at petrol stations is 30%, so a lot will depend on the situation on the raw material markets – explains the XTB expert. – What is very important, despite the concerns about the demand as a consequence of the new virus strain and various restrictions introduced by other countries, the level of mobility has started to rebound and is already above the reference level observed before the pandemic.
Exactly that growing global oil demand may reduce the good Christmas mood of consumers arriving at gas stations.
Fuel prices – e-petrol portal forecast for January 3-9, 2022
(Source: MarketNews24.pl, e-petrol.pl, own compilation)
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