Poland not in risk of LPG shortages due to suspension of all supplies from Russia
There is currently no threat of LPG shortages on the market due to the upcoming entry into force of the 12th sanctions package, which involves the suspension of all LPG supplies from Russia, Poland's Ministry of Industry said in a statement.
From December 20, all LPG supplies from the Russian Federation to Poland will be halted.
As reported, preparations for the LPG embargo under the 12th sanctions package have been underway for 12 months.
The ministry pointed out that during meetings with the LPG industry and stakeholder organisations, the parties indicated that the situation on the LPG market is stable.
The share of sanctioned Russian fuel in the Polish market is steadily declining and, very importantly, with a slight increase in station prices. The industry ministry stressed that preparations for the entry of sanctions in all sectors of the LPG market have gone well and there is currently no threat of shortages of this fuel on the market.
"With regard to fuel prices, it should be stressed that the liquid fuel market is an unregulated market, which means that liquid fuel prices fall into the category of contractual prices, i.e. set by producers based on market mechanisms - dependent on the situation in the world markets for petroleum products, the state of the national economy and the state fiscal policy," the industry ministry wrote.
It added that under the conditions of a free fuel market, the public administration has only an indirect influence on the development of fuel prices by setting tax and fee rates.
mcb/ ao/ nl/