Commodity Market Report
Poland retail fuels long-term outlook
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Report summary
Poland is the largest market for oil products in the CEE region and is one of the few remaining growth markets in Europe. Although the downstream sector is fully liberalised, it is dominated by the national oil company Orlen S.A, which acquired the other Polish refiner, Grupa LOTOS in 2023. Even though the combined entity needed to divest a 30% stake in Gdansk refinery and hundreds of service stations, it still controls the vast majority of refining capacity and, by far, the largest retail network.
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