Petrol

Ljubljana – Fuel price regulation in Slovenia and Croatia will affect energy company Petrol’s business in the first half of the year, so the Slovenian group does not expect to achieve the planned results, its management says in a statement posted on Tuesday on the website of the Ljubljana Stock Exchange, where Petrol stock has already lost 3.6% today.

Ljubljana – Prime Minister Rober Golob said on Monday he found it scandalous that several petrol stations around the country ran out of fuel on Sunday and today as drivers rushed to service stations in anticipation of Tuesday’s price hike stemming from a new pricing model kicking in.

Zagreb – Nada Drobne Popović, the CEO of energy group Petrol, has told the Croatian newspaper Večernji List that, following last year’s takeover of Crodux, Petrol aims to become the leading provider of motor fuels in the Croatian market. She projects that sales in Croatia will exceed those in Slovenia by 2025.

Ljubljana – Aleksander Zupančič, the chief-of-staff to Environment Minister Andrej Vizjak, has been appointed chairman of power grid operator Elektro Ljubljana. He will start his four-year term on 6 January, the company said. Zupančič is already a supervisor at the partially state-owned energy group Petrol.

Ljubljana – The energy group Petrol saw its revenue in the first nine months of the year increase by 34% to EUR 3.1 billion, while net profit more than doubled, increasing by 125% to EUR 91.2 million. Chairman Nada Drobne Popović said as Petrol released the report that the group was on pace of exceeding the plans set for this year.

Ljubljana – After Slovenia’s largest energy company Petrol announced earlier this week that it will increase the price of electricity in December, some predicted that other suppliers would follow, but most suppliers now forecast that their prices of electricity for households would not increase until next year.

Ljubljana – Energy company Petrol saw group net profit jump by 140% to more than EUR 49 million on sales that increased 20% year-on-year to EUR 1.8 billion, according to the company’s interim report released on Friday.

Knin – Slovenian energy company Petrol has opened its second wind farm in Croatia. Ljubač, situated near the town of Knin in south Croatia, has nine turbines, which should generate around 96 gigawatts of electricity a year, covering the needs of 30,000 households.

Zagreb – The Croatian Competition Agency (CCA) has given Slovenia’s energy company Petrol a green light on the takeover of Croatian petroleum products seller Crodux as well as authorised the Iskra electronics group to acquire Croatian electric cable manufacturer Elka.

Ljubljana – After seven years of offering charging of electric vehicles for free, energy company Petrol will start charging for the service on Monday. This is an important step for development and expansion of plug-in car charging infrastructure in the region, it said, adding it would like to set up more than 1,300 charging stations in the region by 2025.