Global oil prices are experiencing significant volatility following a series of escalating tensions in the Middle East, though Poland’s fuel supplies remain unaffected. The price increases reflect a response to recent military actions and retaliatory strikes in the region, impacting energy markets worldwide.
On February 18, a liter of 95-octane gasoline (Pb95) was trading at 4.34 zł in wholesale markets. By March 4, that price had risen to 4.79 zł, indicating a substantial increase in a short period.
The surge in oil prices began after the United States launched missile strikes against targets in Iran on Saturday. Tehran responded with a wave of attacks targeting Israel, as well as bases belonging to the U.S. And other nations in countries including Saudi Arabia, Qatar, the United Arab Emirates, Kuwait, and Bahrain.
Further escalating the situation, Israeli, and U.S. Forces conducted another round of attacks on Iran and Lebanon during the night of Tuesday, March 3rd and Wednesday, March 4th.
In retaliation, Iran launched attacks against countries in the Persian Gulf, specifically targeting the United Arab Emirates and Qatar.
Despite the regional unrest, officials have stated that Poland is not experiencing any issues with its fuel reserves. The conflict is not currently having a direct impact on the delivery of oil and other fuels to Poland. According to the company, Orlen does not receive oil shipments through the Strait of Hormuz and does not import oil from Iran.
