Only Slovnaft/Mol benefit from Russian crude oil

Slovakia and Hungary are the only EU countries still purchasing Russian crude oil, arguing it is cheaper. Last year, Slovakia had gasoline prices 6% higher and diesel prices 7% higher (excluding taxes) than Czechia, which has already phased out Russian oil. The only beneficiary of “cheap” Russian oil is Mol, which dominates fuel sales in both countries. Technically, Slovnaft could switch to other oil types relatively easily, but Mol is in no hurry. Using Adria will increase the final crude oil price by 2% compared to Druzhba.

(openiazoch.sk)