Poland caps fuel prices, cuts VAT to ease inflation amid global oil surge
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Poland has implemented a fuel price cap and reduced the value-added tax (VAT) on fuel in an effort to mitigate inflation. The VAT cut is reportedly set at 8%, but the duration of the measures is unclear, with some reports indicating they will expire at the end of June, while others suggest they will remain in place until the end of June 2024. The move comes amid a global surge in oil prices, with other countries also considering measures to address rising energy costs.
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