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Petrol sales down in first half of 2004

PETROL sales decreased by 4.5 percent year-on-year to 342 million litres in the first half of this year show statistics of the Slovak Association of Petrol Industry and Trade, which unites companies that have an 80 percent market share in Slovakia.

The association’s representatives blame the falling sales on higher fuel prices, which they say are caused by the higher price of oil on the world market, as well as higher taxes in Slovakia.

The Finance Ministry rejects such an argument, however. According to Peter Papanek, the Finance Ministry spokesman, the high price of oil on the world market is behind the hike in prices. “This is not a local, purely Slovak phenomenon but a global one,” Papanek told the Pravda daily.

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

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