AbstractThe paper presents the proof-theoretical approach to a probabilistic logic which allows expressions about (approximate) conditional probabilities. The logic enriches propositional calculus with probabilistic operators which are applied to propositional formulas: CP⩾s(α,β), CP⩽s(α,β) and CP≈s(α,β), with the intended meaning “the conditional probability of α given β is at least s”, “at most s” and “approximately s”, respectively. Possible-world semantics with a finitely additive probability measure on sets of worlds is defined and the corresponding strong completeness theorem is proved for a rather simple set of axioms. This is achieved at the price of allowing infinitary rules of inference. One of these rules enables us to syntactica...