The effects of an increase in duties on petrol and diesel may be softened by the weak dollar, lower oil prices, and a reduction in VAT, analysts say.
Tax on petrol is due to rise by Sk3.1 (€0.08) per litre, and on diesel by Sk2.7 (€0.07).
Currently, VAT on petrol and diesel is set at 20 percent, but this is due to be reduced to 19 percent on July 1 when the new tax regulations come into force.
Analysts predict that the price rises will cause a drop in consumption.
Compiled by Conrad Toft from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
29. May 2003 at 10:07