Poland to cut fuel and energy prices to fight inflation

Bartomeu blames Laporta for Barcelona's poor financial management

“We are offering a large reduction of tax, in order to cushion the effects of the inflation,” Morawiecki said. He said inflation may still rise in the cold winter winter months of December-March.

Morawiecki said that the so-called “anti-inflation shield” will cost the government some 10 billion zlotys ($2.4 billion) while additional funds will come from spending cuts. He blamed the inflation, which was 6.8% in October, year-on-year, on higher energy costs, saying they stem from Russia’s gas policy, the European Union’s climate policy and CO2 emission certificate prices, as well as on bonuses that were paid out to help businesses survive the COVID-19 pandemic. Prices have risen on foods, fuels and energy. On Dec. 20, excise tax on fuels will be cut to 0% for five months to lower prices that have skyrocketed to record levels. VAT and excise tax on gas and energy will be reduced, starting in January.

Some 5 million households are to receive payments of between 400-1,150 zlotys ( $96-275.) Morawiecki said that Poland also will seek a change on the EU’s policy regulating trade in so-called green certificates of carbon emission rights, within the bloc’s climate policy.

The News Highlights

  • Poland to cut fuel and energy prices to fight inflation
  • Check the latest update on business news
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
PEI farmers 'lose money day by day' in the potato export crisis
PEI farmers ‘lose money day by day’ in the potato export crisis
Deanna Gaudet was planning her father’s 60th birthday party with her father – a potato grower in Eastern PEI, but it turned into a different activity around ...
Oh my gosh!  For about $650, this is the cheapest OLED laptop we've seen.
Oh my gosh! For about $650, this is the cheapest OLED laptop we’ve seen.
The VivoBook Pro 14 comes with an Intel Core i5-11300H CPU, an Intel Iris Xe Graphics, 8GB of RAM, and a 256GB SSD. Looking down on the bottom deck and ...
Krispy Kreme shares slip on opening trade, reverse higher
The IKEA Foundation pledges over £4 million to support Oxford’s sustainable funding action
The IKEA Foundation supports programmes that help families afford a better everyday life and protect the plane as it looks to improve the lives of children ...
Videos on Galaxy S21s with Android 12 are being messed up by WhatsApp
Videos on Galaxy S21s with Android 12 are being messed up by WhatsApp
Users have taken to Samsung’s community forums and Reddit to report the bizarre happening. We were able to recreate the problem on one of our in-house Galaxy ...
Opening offices in the country or facing sanctions: Russian demands on foreign technology companies
Opening offices in the country or facing sanctions: Russian demands on foreign technology companies
Some of them already have Russian offices, reported Reuters, but will also be obliged to register online accounts with the regulator to receive user and ...
3 Free Green Bay Packers Agents Who Can Still Help
3 Free Green Bay Packers Agents Who Can Still Help
Of course, with only $4.6 million in cap space, Green Bay can’t afford to spend lavishly, according to Over the Cap. But, at this point in the season, there ...
World races to contain new COVID threat, the omicron variant
World races to contain new COVID threat, the omicron variant
Omicron’s actual risks are not understood. But early evidence suggests it carries an increased risk of reinfection compared with other highly transmissible ...
South Korean Political Parties in 'Deal of Fact' on Tax Deferral Encryption
Anthony Scaramucci says the COVID-driven liquidation is an opportunity to buy in stocks and cryptography – and calls it ‘mini March 2020’
“If the Fed is not tapering, this is a buying opportunity,” he said, referring to the central bank cutting back on monthly asset purchases. “It’s Black ...
Gwinnett School Employees Will Receive Bonuses In December, New Holiday
Gwinnett School Employees Will Receive Bonuses In December, New Holiday
“For the third school year, our employees have done a remarkable job of addressing the needs of students during the pandemic,” Watts said. Board member ...
The already cheap Google Pixel 6 is $100 cheaper
The already cheap Google Pixel 6 is $100 cheaper
The Pixel 6 features a 6.4-inches OLED panel with a resolution of 2,400×1,080 and a 90Hz refresh rate. As mentioned before, it’s powered by the in-house ...
Show next
We will be happy to hear your thoughts

      Leave a reply

      Compsmag - Latest News In Tech and Business
      Logo