WARSAW, March 26 (Reuters) - Poland might cut its VAT on
fuel to lower prices at the petrol pump, the country's finance
minister said on Thursday, adding that a windfall tax on excess
profits at oil companies had not been ruled out.
Countries across Europe have been scrambling to mitigate the
impact of the war in the Middle East on fuel costs and regional
peers like Romania and Hungary have already moved to cap prices.
"The government is working to lower prices at petrol
stations," he said. "Reducing VAT is one of the solutions being
analysed in detail; it is a likely solution."
Asked whether the government was planning a windfall tax for
oil companies, Domanski said that work on such a law was not
currently underway, but it was a possibility if an analysis
showed that some companies had high profits due to current
market conditions.
"We are not ruling out a tax on excess profits," he said.