Research (Česká spořitelna)
Czech markets  |  September 24, 2012 09:37:56

Unipetrol: positive steps to reduce the black market


The Ministry of Finance is considering the introduction of licenses for dealers of motor fuels. Newly would also Petroleum should consist of principal in the tens of millions of CZK, which would cover any tax arrears. (HN, Fleetsheet)

Licenses and composition, introduction of deposit is the first step to at least partially eliminate the black market in the Czech Republic. It is estimated to make up 15% of the market. Many smaller fuel retailers would probably have to leave the market, which could improve margins in the retail segment. If the black market eliminated, Unipetrol would increase net profit by up to 200 miles. CZK (1,1 CZK / share).

Václav Kmínek

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