Oil costs as much as it did before the war. PKN Orlen explains the prices

Oil costs as much as it did before the war. PKN Orlen explains the prices

Recently, positive news for drivers has been flowing from the markets. A barrel of crude oil on the New York Stock Exchange fell significantly. On Wednesday, it was valued at around $78. — the lowest since September.

At the same time, the Polish currency is making up for losses. The exchange rate of the dollar still exceeded PLN 5 in October. Now it has dropped to PLN 4.55. This is one of the lowest valuations in the second half of the year.

It is always emphasized that it is the stock exchange quotations of crude oil and the dollar that mainly determine fuel prices. If we look at futures contracts for crude oil, the value of which is expressed in the Polish currency, it will turn out that they are at the level from Februarybefore the outbreak of war in Ukraine.

Oil futures quotations in the US in zlotys returned to the level before the outbreak of war in Ukraine.

Oil futures quotations in the US in zlotys returned to the level before the outbreak of war in Ukraine.

Information on this subject appeared on the Wykop website, where users call: “Obajtek lower your prices”. At petrol stations in Poland, the average price of cheaper 95-octane petrol is around PLN 6.60, which is much higher than at the end of February. At that time, a liter could be refueled for about PLN 5.20.

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