Poland plans to impose a 60% windfall tax on oil companies' excess profits to lower fuel prices.

```html(1) Polish Prime Minister Tusk said on Tuesday that the Polish government plans to promote a windfall tax on oil companies' excess profits, with the funds raised to be used to lower fuel prices. He also urged the Polish president not to obstruct the bill again. (2) The tax will impose a 60% levy on oil companies' excess income generated between March and December 2026; according to the government, this move could raise 4 billion zloty (about $1.06 billion) each year. (3) The bill was previously vetoed by the Polish president, who referred it to the Constitutional Court in July; the court has yet to make a decision. (4) The government has resubmitted the bill and plans to approve it on Tuesday before submitting it to parliament for review again. (5) Prior to the cabinet meeting, Tusk stated: "I guarantee that if the president ultimately signs this re-submitted Excess Profit Law, we will immediately implement another measure to lower fuel prices. Let’s see how much impact these funds can have. But I hope no one doubts that this bill must be signed. The people should not have to pay for this fuel crisis. The fuel crisis was not caused by the Polish people."```