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IN SHORT

Government talks with Slovnaft fruitless for now

TALKS BETWEEN the government and the Slovnaft oil refinery on ways to reduce motor fuel prices continued on May 3, but have not yet brought results.

Prime Minister Robert Fico and Economy Minister Ľubomír Jahnátek represented the government in the second round of negotiations, while director general Oszkár Világi came on behalf of Slovnaft. The only thing on which they agreed was that prices of motor fuels will remain unchanged until their next meeting.

The officials were scheduled to meet for the third time on May 9.

Fico's spokesperson Silvia Glendová explained that though fuel prices have been growing in neighbouring countries, the Slovak government stands by its position that the increase in Slovnaft's profit and the strengthening Slovak crown give no reason to move motor fuel prices upwards.

However, Slovnaft argues that price development on the Slovak market should correspond with price development on global markets. The refinery says that prices in Slovakia are growing at a slower pace.

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