LPG Prices in Poland to Rise Next Week Due to Wholesale Market

Sharp increase forecast for autogas

Polish drivers using LPG will have to face further price increases next week, with forecasts indicating retail prices reaching 3.51–3.62 PLN per liter, according to forecasts published on October 16 by analysts from e-petrol and Reflex (Forecast of fuel prices for next week. Experts indicated what will become cheaper the most) (Further price increases for autogas possible next week). The expected increase of about 5 groszy follows a recent jump that raised the current average level to 3.51 PLN per liter, as reported by Reflex monitoring (Forecast of fuel prices for next week. Experts indicated what will become cheaper the most) (Finally, a reason for joy for drivers. Gasoline prices at stations will drop by over 20 gr/l next week, diesel prices by 6 gr/l, while LPG prices will rise).

Wholesale market drives costs upward

Wholesale LPG prices recorded on October 16 indicate continued upward pressure on retail prices, noted e-petrol analyst Magdalena Robak (CPN did not stop the increases. One fuel is set to rise significantly). The wholesale market has experienced what experts describe as a dramatic increase, which is now directly translating into prices at stations (CPN did not stop the increases. One fuel is set to rise significantly). Current LPG costs are over 30 percent higher than a year ago, according to Reflex data (Finally, a reason for joy for drivers. Gasoline prices at stations will drop by over 20 gr/l next week, diesel prices by 6 gr/l, while LPG prices will rise).

No government protection for autogas

Unlike gasoline and diesel, autogas remains excluded from the Polish CPN protection package, making it vulnerable to market fluctuations, analysts from Reflex emphasized (Reflex: Fuel prices should fall next week, except for autogas) (Gasoline may drop by as much as 26 gr, but LPG drivers will pay more). This absence of fiscal shields means that LPG users bear the full impact of wholesale price movements, while drivers of conventional engine vehicles benefit from tax-based price stabilization measures, noted e-petrol (CPN did not stop the increases. One fuel is set to rise significantly).

Contrasting trends for other fuels

While autogas faces price increases, gasoline and diesel prices are expected to fall in the coming week. Gasoline Pb95 is projected to trade in the range of 6.78–6.89 PLN per liter, while premium Pb98 should drop to 7.58–7.71 PLN from 7.85 PLN mid-week, according to market forecasts (Further price increases for autogas possible next week) (One fuel significantly up, while the rest will drop. Forecasts for next week). These divergent price movements highlight autogas as an exception in the dynamics of the fuel market in Poland during the period of October 19–25 (Finally, a reason for joy for drivers. Gasoline prices at stations will drop by over 20 gr/l next week, diesel prices by 6 gr/l, while LPG prices will rise) (One fuel significantly up, while the rest will drop. Forecasts for next week).

The acceleration of LPG price increases may intensify further if conditions in the wholesale market remain high, industry observers warn (Next week gasoline and diesel will be cheaper; autogas will become more expensive).

Sources

• Forecast of fuel prices for next week. Experts indicated what will become cheaper the most
• Further price increases for autogas possible next week
• Finally, a reason for joy for drivers. Gasoline prices at stations will drop by over 20 gr/l next week, diesel prices by 6 gr/l, while LPG prices will rise
• CPN did not stop the increases. One fuel is set to rise significantly
• Reflex: Fuel prices should fall next week, except for autogas
• Gasoline may drop by as much as 26 gr, but LPG drivers will pay more
• One fuel significantly up, while the rest will drop. Forecasts for next week
• Next week gasoline and diesel will be cheaper; autogas will become more expensive