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Five Orlen managers charged over cheap fuel before the 2023 elections

NO Sourcenotesfrompoland.com
Oct66 October, Tuesday
16:14 · Economy
All of Warsaw
Warsaw
Photo: Zdzisław Adam Niedźw… / Wikimedia Commons, CC BY 3.0

Prosecutors accuse five current and former Orlen executives of artificially lowering fuel prices before the 2023 parliamentary elections. According to investigators, this was a gross breach of procedures that cost Orlen more than 4.1 billion zloty in losses. The defendants face up to 25 years.

Orlen controls about 60% of Poland's fuel market. At the end of August 2023, a little over a month before the elections, the company began sharply cutting prices: by early October the wholesale price of petrol had fallen by almost 12.7%, and at stations by about 10%. At the same time oil was getting dearer and the zloty was weakening.

The elections were held on 15 October 2023, and a few days later prices went up again.

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