Biznes Fakty
Fuel bills could be lower
Analysts from Refleks foresee that holiday travel may become more affordable. In the upcoming week, the average price for a liter of 95 petrol is expected to be between PLN 5.88 and 5.93, while diesel is anticipated to range from PLN 5.96 to 6.01, and autogas from PLN 3.07 to 3.10.
„Although not as dramatically as crude oil, fuel prices at stations have begun to decrease. The average cost of unleaded petrol PB95 has dipped below PLN 6/l once again, and diesel has dropped to PLN 6.06/l,” reported analysts from Refleks on Friday.
They observed that motorists will notice the impact of declining wholesale prices at fuel stations in the forthcoming days. „Thus, the costs for fuel during holiday travels should be even lower,” they remarked.
Fuel price predictions
In the next week, they project average fuel prices to be at these levels: unleaded petrol 95 from 5.88 to 5.93 PLN/l, unleaded petrol 98 from 6.65 to 6.70 PLN/l, diesel from 5.96 to 6.01 PLN/l, and autogas from 3.07 to 3.10 PLN per liter.
They also mentioned that on April 10 of this year, the average retail prices for unleaded petrol 95 stood at PLN 5.98/l, unleaded petrol 98 at PLN 6.75/l, diesel at PLN 6.06/l, and autogas at PLN 3.13/l. „This indicates a weekly decrease of 3 groszy/l for petrol, 4 groszy/l for diesel, and 2 groszy/l for autogas,” they calculated.
Analysts highlighted that unleaded petrol 95 is currently cheaper than it was a year ago by 69 groszy per liter, unleaded petrol 98 by 53 groszy, diesel by 67 groszy, while autogas, despite its price reduction, remains 25 groszy more expensive compared to last year.
High oil market volatility
Experts indicated that the previous week in the oil market was once again marked by significant volatility. They noted that the price declines for the June series of Brent oil contracts halted around $58.40 per barrel. On Friday morning, Brent oil was priced at approximately $63 per barrel. Analysts added that the prices for Russian Urals FOB Rotterdam oil briefly dropped to about $50 per barrel.
According to analysts, the decline in oil prices and notable volatility stem from news regarding the imposition of additional mutual tariffs between the US and China. „These two nations together represent 37% of global oil consumption. The US continues to be the largest oil consumer and producer worldwide,” the analysts pointed out.
They also reported that in 2024, the average consumption level (as per OPEC data) was 20.42 million barrels per day. China’s oil consumption was slightly lower at 16.68 million barrels per day; however, as they noted, the country remains the top global importer.
„In January of this year, the average net import of crude oil for the US was around 2.5 million barrels per day, while for China, it was 10 million barrels per day,” analysts observed. „A prolonged trade conflict between these nations poses a significant threat to the global growth rate of crude oil consumption, as well as its production due to falling prices,” they assessed.
