BP, Shell Suffer Due to Fuel Black Market in Poland

Hira Shahnawaz Akhtar

Published onSeptember 17, 2013

Updated on May 13, 2021

Poland’s fiscal structure levies some of the highest fuel taxes in Europe. This has encouraged the existence and growth of a robust black market to evade the heavy taxes.

Table of Contents

In the diesel market, Poland has the second highest effective tax rate of 47.87 percent and is right behind Germany, which has an effective tax rate of 48.15 percent. In the LPG market, Poland’s taxation of 38.34 percent is the third highest with Lithuania and Latvia taking the lead. Poland’s taxation rate in LPG is also way above the European Union average of 27.7 percent. In the diesel market, the average taxation across the EU exceeds the taxation in Poland...

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Hira Shahnawaz Akhtar

Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.

BP, Shell Suffer Due to Fuel Black Market in Poland

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