Embargo on LPG from Russia. The Ministry of Industry takes the floor

From Friday, December 20 all deliveries of liquefied petroleum gas from the Russian Federation to Poland will be suspended.

According to the estimates of the Polish Liquefied Gas Organization (POGP), in November this year approx. 25 percent LPG imports still came from Russia. Until September this year. Gas worth PLN 1.76 billion was imported to Poland from Russia. As reported by POGP in the first half of this year the share of Russian LPG in imports to Poland increased from 50 to 53 percent, and then in August this year. dropped to 37.5 percent

In 2022, Poland was the largest importer of LPG from Russia among the European Union countries.

As stated in the announcement of the Ministry of Industry, preparations for the introduction of an embargo on LPG as part of the 12th sanctions package have been ongoing for 12 months.

The ministry indicated that during meetings with the LPG industry and stakeholder organizations, they assessed that the situation on the LPG market was stable.

As reported, the share of sanctioned Russian fuel in the Polish market is systematically decreasing and, what is very important, with a slight increase in prices at gas stations. It was emphasized that preparations for the introduction of sanctions in all sectors of the LPG market had gone well and there was currently no risk of shortages of this fuel on the market.

“Referring to fuel prices, it should be emphasized that the liquid fuel market is an unregulated market, which means that liquid fuel prices fall into the category of contractual prices, i.e. set by producers based on market mechanisms – depending on the situation on global markets for petroleum products , the state of the national economy and the state's fiscal policy,” it was written.

It was added that in the conditions of functioning of the free fuel market, public administration has only an indirect influence on shaping fuel prices by setting tax rates and fees.