The Government Will Not Extend the CPN Program. Rising Costs Will Translate Into Higher Inflation.
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Since September 1st, fuel prices in Lublin have risen by over 1 PLN per liter. After Monday's rush by drivers, some stations ran out of fuel, and diesel fuel now costs nearly 8.40 PLN. Read "Fuel shortages at stations and prices up to 1 PLN higher. This is what the first day without the CPN program in Lublin looks like" on the Spotted Lublin - Lublin News website.
The end of the Lower Fuel Prices program means drivers will face higher prices at the pump again. The Ministry of Finance has announced the cost of the second installment of the government's protection, and analysts are predicting how much more fuel will be paid in early September.
The government will not extend the Lower Fuel Prices program. Starting Tuesday, every driver will pay more at the pump – from 0.60 to 0.90 groszy per liter. This will translate into inflation, which has already risen significantly in July and August.
The scale of price increases at stations may vary; in the worst-case scenario, they could reach around 1 złoty, fuel market expert Rafał Zywert told Polsat News. He added that even higher prices could be in store. "If this nervousness in the markets persists, we'll see further increases," the expert noted. Monday is the last day of the government's Lower Fuel Prices (CPN) package.
Monday is the last day of the CPN package with 8% VAT and maximum prices. Starting Tuesday, 23% VAT returns, and analysts expect gasoline and diesel prices to increase by 60–90 groszy per liter.
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