Slovakia announces a five-day freeze on fuel prices

Golden Ten Data reported on March 12 that on the 11th local time, Slovak Prime Minister Fico urgently convened a cabinet meeting and announced a measure to stabilize oil prices. Over the next five days, Slovnaft Oil Company has pledged to freeze fuel prices and will not raise oil prices due to current international turmoil. Fico emphasized that the Slovak government's goal is to keep fuel prices lower than neighboring Austria in the long term. It is reported that this temporary price freeze is intended to buy time to stabilize the market. After five days, the Slovak government will meet again with Slovnaft Oil Company to jointly discuss and determine the next response strategy.