The price reduction is a response to increasingly cheaper crude oil. The commodity has now reached its lowest price in the past two months. The price of Arab oil is 45 dollars per barrel.
According to stock market analysts, oil is becoming cheaper because of the growing supply of this commodity. This is happening because fuel reserves in the United States are increasing, while some OPEC countries are extracting and selling more crude oil than they declare. In addition, high fuel prices are slowing economic growth in Western European countries and, consequently, reducing the economy’s demand for energy resources.
Did the letter sent by Bolesławieckie Towarzystwo Gospodarcze to the Office of Competition and Consumer Protection influence the price reduction? It is difficult to say. As is known, in the document sent to UOKiK, entrepreneurs from Bolesławiec accuse the owners of filling stations in our city of collusion and monopolistic practices.