The group’s director general, Bartosz Kwiatkowski, says the market has shown steadiness for years, apart from the early months of the pandemic when domestic travel dropped sharply.
Poland’s annual LPG consumption has hovered between 1.8 million and 1.9 million tonnes, with year-to-year fluctuations of just around one percentage point, Kwiatkowski noted. About 75% of Poland’s LPG market is used as autogas, fueling roughly 13% of the nation’s passenger cars. The remainder serves heating tanks—mainly in rural areas—and about 10% goes to portable camping cylinders.
EU embargo on Russian LPG
A European Union embargo on Russian LPG took effect on Friday, but Poland’s Ministry of Industry insists the country is well-prepared. Officials say there is no risk of a domestic shortage. However, they acknowledge that the past year’s PLN 0,35 (about €0.07) per-liter price increase reflects Poland’s shift to alternative LPG suppliers.
Consumers in Poland currently pay around PLN 3.15 (about €0.70) per liter. According to Kwiatkowski, relatively weak economic growth in Western Europe, coupled with a mild winter and ample supply from the United States—now the world’s largest LPG exporter—should keep prices stable in the near term. “They will remain roughly at the current level,” he said.
(jh)
Source: IAR
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Publish date : 2024-12-22 07:05:00
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The post ‘Stable outlook’ for Poland’s LPG market, despite EU embargo on Russian supplies first appeared on Love Europe.
Author : love-europe
Publish date : 2024-12-22 16:38:03
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