The public transport operator in Poland's third largest city has asked the anti-monopoly regulator UOKiK to look into oil refiner PKN Orlen's pricing policy after value added tax on motor fuels was raised from 8% to 23% on Jan. 1. The price of most popular gasoline at the pumps of PKN Orlen, Poland's top wholesaler and retailer of motor fuel, has stayed unchanged as the company cut wholesale prices of the fuel by a total of 14% on Dec. 31 and Jan. 1, company data shows.
Shareholders of Polish gas company PGNiG on Monday approved the company's takeover by refiner PKN Orlen, moving the oil firm closer to completing its plan to become a national energy champion able to compete with global players. Poland is seeking to create a global player to boost its energy security and shoulder the country's move away from fossil fuels while maximising opportunities in the oil, gas and electricity sectors. Shareholders owning at least two-thirds of PGNiG shares had to back the merger terms to approve it.
Shareholders of Polish refiner PKN Orlen on Wednesday approved the takeover of gas company PGNiG, bringing the oil firm closer to becoming what the government says will be a national energy champion able to compete with global players. Shareholders owning at least two-thirds of Orlen shares had to back the merger terms to approve it.