Gas price rise delayed

Cabinet decided yesterday to delay by at least two weeks a rise in regulated, subsidised consumer prices for natural gas; the rises are seen as essential in the run-up to the sale of a 49% share in gas utility SPP, but have been opposed by leftist parties. The Economy Ministry had previously proposed that prices go up by almost 20% on October 1, thus bringing the retail gas price up to 72% of the purchase price the utility pays its Russian supplier. SPP lost 17.2 billion crowns ($362 million) on domestic gas sales last year, and without the 20% rise expects to lose a further 20 billion this year. Estimates for how much the SPP stake might fetch range from 143 to 334 billion crowns, with analysts suggesting a significant consumer gas price rise could put the final SPP purchase price in the upper range of those estimates.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Curfew and closed schools. Slovakia goes into a mild lockdown this weekend

Nationwide testing will follow, accompanied by another curfew.

Nationwide testing - an ambitious plan with an uncertain result

Antigen tests to be used work on patients with symptoms.

Police arrest top special prosecutor, suspected of helping a mafia group

Dušan Kováčik is known for not filing any criminal lawsuits.

State prepared an €100-million injection for tourism

The sector hit hard by the coronavirus crisis should see money at the end of this year.

Illustrative stock photo