Orlen slips as oil falls, Poland advances windfall tax plan

Cyfrowy Polsat SA

08/04/2026 09:27

** Shares of Polish oil refiner Orlen PKN.WA fall around 4.5%, having dropped 10.4% earlier, after the Brent crude price eased and Poland confirmed a draft windfall tax bill for oil companies

** Poland's Finance Minister Domanski told Polish broadcaster Polsat News on Wednesday that the draft windfall tax bill targeting oil companies would be ready in April, with work ongoing to define extraordinary profits the tax would apply to

** Trigon analyst Michal Kozak says a windfall tax on Orlen could reach 4.8 billion zlotys ($1.3 billion), and rise further if the conflict lasts longer and profits in upstream and refining remain high

** Brent slides as an announcement of a two-week US-Iran ceasefire and a reopening of the Strait of Hormuz eases the geopolitical premium that had driven oil prices sharply higher

** As of 0815 GMT, Orlen shares were down 4.7%, underperforming Poland’s blue-chip WIG20 index .WIG20, which rises 3.2%

($1 = 3.6460 zlotys)

 (Reporting by Rafal Nowak)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))