WARSAW, April 17 (Reuters) – Poland will keep measures capping fuel prices in place for as long as needed \u200cand will start phasing them out gradually only when \u200cwholesale prices start falling steadily, Polish Energy Minister Milosz Motyka said on Friday.<\/p>\n
Poland \u200bannounced late last month that it was cutting taxes on fuel and capping prices at the pump to mitigate the effects of the war in the Middle East. It estimated that the \u200cmeasures would reduce budget \u2060revenue by 1.6 billion zlotys per month.<\/p>\n
“We have the lowest prices in Europe and guaranteed security \u2060of supply, but we are cautious about the risks and predictions about conflict in the Middle East. These mechanisms will remain in \u200bplace as \u200blong as needed,” Motyka said.<\/p>\n
He \u200badded that the measures \u200cwould be abolished gradually.<\/p>\n
The U.S.-Israeli war with Iran has created the largest-ever disruption to global oil and gas supplies due to Iran’s blocking of traffic through the Strait of Hormuz, which typically carries about 20% of the world’s oil and liquefied natural \u200cgas flows.<\/p>\n
European airlines have warned of \u200bjet fuel shortages within weeks. Polish \u200bdeputy energy minister Wojciech \u200bWrochna said Poland has not released any jet \u200cfuel from reserves so far.<\/p>\n
“There is \u200bno risk \u200bof a shortage of jet fuel, but the situation in Europe is difficult, and the international situation will show \u200bwhat will happen next,” \u200cMotyka said, adding that jet supplies were secured for \u200bthe coming weeks.<\/p>\n
(Reporting by Marek Strzelecki; Writing by Anna \u200bKoper; Editing by Philippa Fletcher)<\/p>\n","protected":false},"excerpt":{"rendered":"WARSAW, April 17 (Reuters) – Poland will keep measures capping fuel prices in place for as long as…\n","protected":false},"author":2,"featured_media":2182,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1894,1896,1893,9,1895],"class_list":["post-2181","post","type-post","status-publish","format-standard","has-post-thumbnail","category-poland","tag-fuel-prices","tag-jet-fuel","tag-minister-milosz-motyka","tag-poland","tag-wholesale-prices"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/posts\/2181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/comments?post=2181"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/posts\/2181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/media\/2182"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/media?parent=2181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/categories?post=2181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/tags?post=2181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}