Slovnaft is making money on Iran war

The refining margin of Hungary's MOL, the owner of Slovnaft, stood at $30 per barrel at the end of March, compared to $20 in the past, data from Swiss bank UBS show. Following the outbreak of the war in the Middle East, Poland's Orlen, which also owns refineries in Czechia, increased its refining margin (the difference between the price of crude oil and the price of refined products) by 25% to $25. MOL and Orlen are the largest gas station operators in Slovakia (along with OMV and Shell). Slovnaft can thus sell fuel cheaply, generating profits on the wholesale price and strengthening its position in the retail market.

(sme.sk)