Poland to end capping fuel prices in summer

Poland will in the summer end measures capping ​fuel prices amid expectations that ‌the conflict involving Iran will ease and prices will stabilise, Prime Minister ​Donald Tusk said on Saturday.

In ​March, the government announced cuts ⁠on VAT on fuel to 8% ​from 23%, a reduction in excise ​duty to the EU minimum and started capping prices of motor fuel on ​a daily basis. Since the ​introduction, the measures have been extended every ‌two ⁠weeks.

On Friday, Poland decided to extend a VAT cut and price caps on gasoline and diesel ​till the ​end ⁠of June, but did not extend reductions in ​excise duty.

"We had the cheapest ​fuels ⁠in Europe throughout this crisis, but we will be finalising ⁠this ​project this summer," Tusk ​told reporters in Lomza, eastern Poland.

-Reuters