SLOVNAFT is tightening its competition practices, according to the Hospodárske noviny business daily. Following its decision to stop announcing its retail fuel prices, the company has also changed its practices on the wholesale market.
According to so-called "white retailers" (those that do not operate under a brand name) Slovanft is putting up its wholesale prices faster than retail fuel prices in its own Slovnaft petrol stations.
"Slovnaft has increased the price for one litre of petrol by Sk0.50, while its local stations retained the original price. This means, that we have to lower our already low margin even further," says Adrián Florek of the Akord petrol station in Orava region.
Compiled by Magdalena MacLeod from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
1. Aug 2005 at 12:16