End of CPN Fuel Price Cap Sparks Price Surge Concerns
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5 Articles
Overnight, a liter of gasoline and diesel fuel has become one złoty more expensive. This is the result of the termination of the CPN package. The news is particularly devastating for the taxi industry. In just one year, its debt has increased by 3.5 million złoty, breaking a record high. Will the price hike at gas stations be the death knell for taxi drivers?
As of today, the CPN (Lower Fuel Prices) program is no longer in effect. This means that VAT on gasoline and diesel will increase again, from 8 percent to 23 percent. Furthermore, the Minister of Energy will no longer set maximum prices for gasoline and diesel.
As of September 1st, the CPN package will cease to apply, meaning the return of the 23% VAT on fuels and expected price increases at the pump. Market analysts estimate that gasoline and diesel prices could increase by 70-80 groszy per liter. Read "CPN package ends on September 1st. Fuel prices could increase by up to 0.80 groszy" on the Spotted Lublin - Lublin News website.
This is the last day of cheaper gasoline. Market analysts expect gasoline and diesel prices to rise by as much as 60-90 groszy per liter. This is a result of the expiration of the CPN package and the return of the higher VAT rate.
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