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Slovakia announces a five-day freeze on fuel prices
People’s Financial News, March 12 — On March 11, 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 them due to the current international turmoil. Fico emphasized that the Slovak government’s goal is to keep fuel prices permanently lower than those of neighboring Austria. It is understood that this temporary freeze on oil prices is intended to buy time to stabilize the market. After five days, the Slovak government will meet again with Slovak Oil Company to discuss and determine the next response strategy. (CCTV News)