Fuel prices at Polish service stations are expected to climb by 40 to 60 groszy per liter following the termination of the government's 'Lower Fuel Prices' (CPN) subsidy program.

The end of the scheme removes a key buffer for consumers and businesses, likely translating into higher transport and logistics costs across the region.

The price adjustment comes as markets digest mixed signals on global growth and inflation.

Private sector activity in the euro zone contracted for a third consecutive month in June, although the pace of decline moderated compared to previous readings.

Simultaneously, India's private sector expansion decelerated to its weakest level in three months, driven by softening demand in both manufacturing and services.

These developments underscore the fragile economic backdrop heading into the European Central Bank's July policy meeting.