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First Reactions on the New Crude Oil Derivatives' Price Model

Ljubljana/Koper, 30 March - PETROL/ISTRABENZ/PRICE/MODEL
The largest Slovene oil company, Petrol, did not have estimates on the effect that the newly passed price model for crude oil derivatives will have on the company and its profits. The decision on the price model was passed by the government during its regular session, earlier on Thursday. The company announced that they will discuss this in more detail at a press conference which will be held following the implementation of the model on April 4. The second largest Slovene petrol company, OMV Istrabenz, welcomed the move as it will mean harmonisation of prices with actual import costs.

© STA, 2000