Poland Introduces Excess Profit Tax on Oil Companies
11 Articles
11 Articles
Poland is introducing a tax on excess profits for oil companies in order to lower gasoline and diesel prices. President Karol Nawrocki said on Thursday evening that he had signed the bill into law.
The President signed a law on taxing the extraordinary profits of fuel companies. At the same time, the law was referred – in a follow-up procedure – to the Constitutional Tribunal for consideration.
Polish President Karol Nawrocki announced that Poland will take an extraordinary measure to lower fuel prices.
Imagine facing your most important speech, where you have to announce a political capitulation, but present it as a resounding success. Stress, rush, a sudden camera zoom… and your own pen decides to play the worst joke of your career. Karol Nawrocki has just discovered that an ink-stained finger can completely cover up a story about fuel prices.
Presidential spokesman Rafał Leśkiewicz spoke about the dire situation in Poland's public finances in Friday's Graffiti. He referred to Karol Nawrocki's decision to sign a law addressing excess profits of fuel companies. "The government bears responsibility for high fuel prices and Poland's very poor economic situation," Leśkiewicz argued.
President Karol Nawrocki has signed the law on the tax on extraordinary profits of fuel companies. He will also refer it to the Constitutional Tribunal for a subsequent review. The government announces that the law will further reduce fuel prices at pumps. According to Finance Minister Andrzej Domański, gasoline and diesel prices could drop by approximately 1.2–1.3 PLN per liter.
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