We are really trying very hard to stabilize retail fuel prices, said the president of PKN Orlen, Daniel Obajtek. He also boasts of the company’s results, which – in his opinion – are the result of, among others, appropriate investment decisions.
In an interview with Radio24, the President of Orlen said that the significant improvement in the Orlen Group’s results does not result from an increase in fuel prices at gas stations, but is the result of good management of the company.
He added that this year the company will spend around PLN 9 billion on new ventures, while its predecessors invested PLN 1-2 billion annually.
He reminded that one of the good decisions was the purchase by Orlen in 2019 and 2020 of CO2 emission rights at PLN 23-24 per ton, while today it costs almost twice as much. This, he said, secures the company’s emission rights for several years.
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The president of PKN Orlen denied that the company’s good results are the result of fuel price increases. – We are trying really hard to stabilize fuel prices in retail – he stressed.
When asked when the merger with Lotos would be finalized, he said that negotiations were currently underway.
The Orlen Group ended the second quarter of 2021 with an operating EBITDA LIFO result of PLN 3.2 billion, which means an increase by PLN 1.2 billion year-on-year. Net profit amounted to PLN 2.2 billion, and sales revenues increased by 73%. year on year, reaching PLN 29.4 billion.
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