We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » March 24, 2014
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Polish refiners hit by growing black market for fuels
March 24, 2014   
Article's tools:
Print

Poland is suffering from an expanding shadow economy in fuels, with 15% of diesel oil sold last year coming from the black market, according to estimates from the Polish chamber of crude oil industry and trade (POPiHN).

The assumption is based on official statistics, which showed a rather incredible drop in fuel consumption in Poland in 2013.

According to the official numbers, fuel consumption shrank by 4% y/y to 24.9 million cubic meters, while diesel oil consumption shrank 6% to 13.4 million, a level last seen five years ago.

The black market hurts refiners, forcing them to increase exports, which are less profitable than domestic sales.
© The Warsaw Voice 2010-2013
E-mail Marketing Powered by SARE