Slovnaft surrenders to audit

THE FINANCE Ministry has initiated a price audit of Slovnaft based on a request by the local antitrust authority, the SITA news agency wrote.

The Ministry, which started auditing the oil refinery in November, will also inspect a possible violation of price regulations and a misuse of its dominant market position. The audit follows a motion filed by road haulier association ČESMAD against Slovnaft.

Slovnaft rejects all allegations of impropriety and argues that its price policies reflect the volatile global oil market.

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