Slovakia announces a five-day freeze on fuel prices

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, Slovak Oil Company has pledged to freeze fuel prices and will not raise oil prices due to the current international situation volatility. Fico emphasized that the Slovak government’s goal is to keep fuel prices long term lower than those of neighboring Austria. It is understood that this temporary freeze on oil prices is intended to give the market time to stabilize. After five days, the Slovak government will meet again with Slovak Oil Company to jointly discuss and determine the next set of response strategies. (CCTV News)

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