Slovenia, Petrol said that its reliance on Russian oil imports is negligible

Slovenian energy group Petrol said that its reliance on Russian oil imports is negligible, therefore it does not expect any disruptions in its fuel supply chain due to sanctions against Russia following its invasion of Ukraine.

The statement from the company said that, in the entire 2021 and the first two months of 2022, Russian crude oil accounted for just 7 % of total volume of middle distillates (diesel and light heating oil), while the Russian oil is not used in the production of petrol.

However, as a result of a war in Ukraine, delays in supply chains have been recorded, but nonetheless, all supplies of petroleum products the company has planned for March have been confirmed.

The Slovenian Government adopted a regulation which determines the maximum prices of fuel at petrol stations. Therefore, the prices of petrol and diesel are capped for a month as of 15 March. Petrol is capped at 1.503 euros/liter, while diesel is capped at 1.541 euros/liter. The price cap was reintroduced to contain the surge in petrol prices following Russia’s invasion of Ukraine, which led to rising global oil prices.