March 16 (SeeNews) - Slovenian energy group Petrol [LJE:PETG] expects its fuel supply to remain stable despite the war in Ukraine, as the company's exposure to imports from Russia is negligible, it said.
"In 2021 and the first two months of 2022, Russia as a source of supply has accounted for less than 7% as regards Petrol's middle distillates (diesel and extra light heating oil), and as for petrol, we do not import it from Russia," Petrol said in a filing with the Ljubljana Stock Exchange on Tuesday.
Petrol has long-term purchase contracts for petroleum products ensured in a volume which reflects the current dynamic of mobility, Petrol said.
"As a result of the situation in Ukraine and related intensified security situation, delays in supply chains have been recorded, but we can say that all supplies of petroleum products the company has planned for March have been confirmed," Petrol added.
On March 15, Slovenia's government introduced a 30-day cap on retail prices of petrol and diesel to tame their increase due to disruptions in the petroleum products market and large fluctuations in non-seasonal prices.
The measure has increased the relative competitiveness of fuel prices in Slovenia compared to its neighbouring countries, except Hungary, where prices of fuel are higher by approximately 0.30 ($0.33) to 0.69 euro per litre, Petrol said. "As a result, Petrol has already recorded increased demand for fuels not only by Slovenian, but also by foreign customers," the company said.
The ceiling for 95-octane unleaded petrol was set at 1.503 euro per litre, while the diesel price was capped at 1.541 euro per litre. The limits enter into force on March 15.
($ = 0.9100 euro)