Risk of decline in domestic demand

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Risk of decline in domestic demand

− due, among other things, to macro factors, such as economic slowdown, decline in investments, and shrinking industrial output. Various factors, such as growing unemployment, could adversely affect consumption of our products and services. Therefore we use a variety of distribution channels to sell our products while pursuing a pricing policy designed to ensure they remain competitive, and seek to optimise our operating expenses.

Gasoline and diesel oil consumption in Poland in 2011-2013 [’000 tonnes]

Source: In-house analysis on the basis of Polish Organization of Oil Industry and Trade (POPiHN) data.