4,084.31WIG20 · Fri Oct. 2 close · −0.44%

DailyDrop.

3.8881USD/PLN · NBP average rate Fri Oct. 2 · +0.31%
WIG204,084.31▼0.44%10/2USD/PLN3.89▲0.31%10/2S&P 5007,722.72▲0.73%10/2WTI$91.11▼1.90%10/2Gold$4,162.30▼1.00%10/2
Economy · FuelPress ✓ 5 outlets · prices per the Ministry of Energy

First weekend with 8 percent VAT on fuel: 95-octane gasoline no higher than PLN 6.73, diesel up to PLN 7.88

The regulations cutting VAT and excise duty took effect on Saturday, October 3, and run to the end of the year. Two days after the president signed the act on the excess profits tax on fuel companies, the government and the Palace are still arguing over who is responsible for prices.

Since Saturday, October 3, the third edition of the government’s “Lower Fuel Prices” program (Ceny Paliwa Niżej) has been in effect, money.pl and xyz.pl report. The VAT rate on gasoline and diesel fell from 23% to 8%, and the excise duty on gasoline from PLN 1,529 to PLN 1,239 per 1,000 liters, on diesel from PLN 1,160 to PLN 880. The regulations are to remain in force until the end of the year. The Ministry of Energy set maximum prices for the period from Saturday to Monday, October 5: PLN 6.73 a liter for 95-octane gasoline, PLN 7.59 for 98-octane gasoline and PLN 7.88 for diesel, Comparic reports. Selling above the cap carries a fine of up to one million zloty, and inspections are carried out by the National Revenue Administration (KAS).

Finance Minister Andrzej Domański estimated that the cuts would amount to about PLN 1.20–1.30 per liter, and that their cost to the budget is about PLN 1.6 billion a month (money.pl, xyz.pl). On Thursday, October 1, President Karol Nawrocki signed the excess profits tax act for fuel companies and referred it to the Constitutional Tribunal under the ex post review procedure, Polsat News reports. The tax is 60% and covers profits from March 1, 2026 to March 31, 2027; according to money.pl, PKO BP economists judge that the revenue will cover at most two and a half months of the cuts. The president accused the prime minister of hypocrisy and recalled his own bill, “Fuel Costs Normally” (Paliwo Kosztuje Normalnie), which is waiting in the Sejm. DailyDrop has not yet seen data on actual prices at stations this weekend.

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By the numbers
23% → 8%VAT rate on fuel from October 3
60%rate of the excess profits tax on fuel companies
PLN 1.6 bnestimated monthly cost of the VAT and excise cuts to the budget
Markets · PolandPress ✓ 4 outlets · data per ISBnews, PAP Biznes

WIG20 fell 0.44 percent on Friday to 4,084.31 points; the dollar cost PLN 3.8881 by the NBP

The WIG20 index ended Friday, October 2, at 4,084.31 points, 0.44 percent lower than the day before, the ISBnews agency reported. The broad WIG lost 0.32 percent and closed at 154,318.22 points, mWIG40 fell 0.17 percent, and sWIG80 gained 0.29 percent. On Thursday the WIG20 fell 1.90 percent to 4,102.20 points, the most since August 27; banks lost the most: Bank Millennium 5.54 percent, ING Bank Śląski 4.51 percent and mBank 4.15 percent (Bankier.pl, PAP Biznes).

The NBP average rate for the dollar was PLN 3.8881, 0.31 percent more than on Thursday (PLN 3.8762), and the euro cost PLN 4.3745 against PLN 4.3770 the day before, according to money.pl and TVP Info. In September the WIG20 closed near record highs: on September 21 at 4,214.61 points (PAP Biznes). The exchange opens today after a disappointing U.S. jobs report.

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Word of the day
NBP average rateMarkets

The official exchange rate of a currency announced by the National Bank of Poland on business days, calculated from the average of market quotations; it serves as the reference rate in settlements and taxes.


Society · ChurchPress ✓ 2 outlets · attendance figure per local media

In Grojec near Oświęcim, parishioners blocked the bishop in the church after the parish priest was removed

On Sunday evening, October 4, several thousand people protested in Grojec near Oświęcim against the removal of the parish priest, Fr. Józef Zborek, who had led the Parish of St. Lawrence for nearly 30 years. The figure of about 3,000 participants comes from local media, cited by Notes from Poland. Bishop Roman Pindel of Bielsko-Żywiec came to the parish to announce the decision. Some of those gathered entered the church and interrupted the service, and the bishop took refuge in the sacristy with several priests. According to accounts, some participants physically attacked the clergyman and had to be pulled away.

Police arrived with negotiators; after failed attempts to calm the crowd, the bishop was escorted out after midnight. Pindel said that the removal results from serious and proven irregularities in the exercise of office, that the decision was confirmed by the Dicastery for the Clergy and is final; he gave no details, because only the priest himself may disclose them. Super Express writes that Fr. Zborek admitted guilt and agreed to leave the parish, but parishioners still demand his return. The bishop’s information has not been independently verified.

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World · EnergyPress ✓ 5 outlets · conditions per Ghalibaf’s statements

Iran: the Strait of Hormuz will stay closed until seven conditions are met

Iranian parliament speaker Mohammad Bagher Ghalibaf declared on Sunday, October 4, that the Strait of Hormuz would remain closed until the United States meets seven Iranian conditions, Khaleej Times, Gulf News and Kurdistan24 report. According to the reports, they include lifting the naval blockade, unfreezing Iranian assets and ending military pressure. Outlets describe the framework of the demands differently: some link them to the June memorandum, others to the June interim agreement. Ghalibaf added that Iran would not accept unilateral demands from Washington, and that proposals are arriving through an intermediary.

Foreign Minister Abbas Araghchi said separately that Tehran’s plan could lead to the opening of the strait within seven days if it is accepted (Gulf News). About one fifth of the world’s oil usually passes through it. Reports on the OPEC+ meeting say that exports from the Gulf are 60% to 80% of usual volumes, and Brent crude remains above $100 a barrel. For Polish drivers this means the lower VAT is working against a backdrop of expensive oil: if the commodity gets dearer, maximum prices may rise despite the tax cut.

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World · EconomyPress ✓ 4 outlets · U.S. Department of Labor data

U.S. economy added only 29,000 jobs in September, unemployment rose to 4.2 percent

The U.S. Department of Labor reported on Friday, October 2, that nonfarm payrolls rose by 29,000 in September, against forecasts of around 84,000–90,000, and the unemployment rate rose from 4.1% to 4.2% (Al Jazeera, UPI, xyz.pl). Figures for August were revised down from 162,000 to 133,000, and for July from plus 21,000 to minus 10,000. Health care added the most jobs (17,000), finance lost the most (7,000). Wages rose 3% year on year.

Wall Street closed Friday higher: the S&P 500 rose 0.73% to 7,722.72 points, WTI crude fell 1.90% to $91.11 a barrel, and an ounce of gold fell 1.00% to $4,162.3. According to CME FedWatch, keeping Fed rates in the 3.75–4.00% range is increasingly likely, though sources differ on how much the report changed expectations (Al Jazeera). What matters for Poland is that weaker U.S. data usually reduce pressure on emerging markets and wariness about higher rates.

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In brief
  • WIG20 4,084.31 points (−0.44%) on Friday; WIG −0.32%ISBnews
  • Dollar PLN 3.8881 per NBP (+0.31%); euro PLN 4.3745money.pl, TVP Info
  • S&P 500 7,722.72 (+0.73%), WTI $91.11 (−1.90%), gold $4,162.3 (−1.00%) on Fridaymarket data
  • OPEC+ unchanged for November: 31.01 million barrels a dayNairametrics, QNA
  • Yemen’s government announced an offensive against the HouthisCNN, Kurdistan24
  • According to IMGW, fronts and rain from ThursdayPolsat News
  • Tusk on the horses at Promnik: “I rode badly, but at my own expense”Polsat News
  • Nuclear program update: first unit in 2036Notes from Poland
Seven minutes every morning, one front page

Unverified — what we could not confirm

“The government cut fuel by PLN 1.20, so it will be that much cheaper at every station.” PLN 1.20–1.30 is Minister Domański’s estimate of the average effect. Maximum prices apply (PLN 6.73 for 95-octane gasoline), and actual prices depend on wholesale prices and station margins (money.pl, Comparic).
“The bishop in Grojec was beaten by the crowd.” Media report that some people physically attacked him and had to be pulled away; DailyDrop has not seen confirmed information about injuries (Notes from Poland, Super Express).
“The Strait of Hormuz has already been opened.” Ghalibaf declared on Sunday that it remains closed until seven conditions are met (Khaleej Times, Gulf News). There is no confirmation of an opening.
Glossary · dotted words — economics, law, security and science terms explained in the context of the story. The list grows every day.
INSIDEFirst weekend with 8 percent VAT on fuel: 95-octane gasoline no higher than PLN 6.73, diesel up to PLN 7.88Economy · FuelWIG20 fell 0.44 percent on Friday to 4,084.31 points; the dollar cost PLN 3.8881 by the NBPMarkets · PolandIn Grojec near Oświęcim, parishioners blocked the bishop in the church after the parish priest was removedSociety · ChurchIran: the Strait of Hormuz will stay closed until seven conditions are metWorld · EnergyU.S. economy added only 29,000 jobs in September, unemployment rose to 4.2 percentWorld · Economy