All Croatian Fuel Prices Lower as of Today, New Costs Published
March the 28th, 2023 - As of today, all Croatian fuel prices are lower than they were following a government session held over the phone yesterday. The new Croatian fuel prices, before they inevitably go back up again, are published below.
As Poslovni Dnevnik writes, a telephone government session was held yesterday at which the Decree on determining the highest retail prices of oil derivatives was adopted, the Croatian Government reports.
The regime according to which the highest retail prices are calculated according to the formula based on the basic price of fossil fuel in the previous fourteen-day period, with a limited premium of 0.0995 EUR/l (0.75 HRK/l) for diesel and petrol, and 0.0531 EUR /l (0.40 kn/l) for blue diesel, and in the amount of 0.8229 EUR/kg (6.20 kn/kg) propane-butane mixture for bottles, i.e. 0.3716 EUR/kg (2.80 kn/kg) for large containers, will remain valid for a further fourteen days as of today.
The new Croatian fuel prices in effect as of today's date are as follows:
1.39 EUR/l (10.47 HRK/l) for petrol (a reduction of 0.01 EUR/l)
1.34 EUR/l (10.10 HRK/l) for diesel (a reduction of 0.06 EUR/l)
0.84 EUR/l (6.33 HRK/l) for blue diesel (a reduction of 0.06 EUR/l)
1.29 EUR/kg (9.72 HRK/kg) LPG for tanks (a reduction of 0.13 EUR/kg)
1.85 EUR/kg (13.94 HRK/kg) LPG for bottles (a reduction of 0.13 EUR/kg)
If there were no government measures introduced to control Croatian fuel prices and if their retail prices were completely freely formed at the level of premiums of energy entities before the first Regulation, they would amount to:
1.62 EUR/l (12.21 kn/l) for petrol
1.57 EUR/l (11.83 kn/l) for diesel
0.96 EUR/l (7.23 kn/l) for blue diesel
1.53 EUR/kg (11.53 kn/kg) LPG for tanks
2.16 EUR/kg (16.27 HRK/kg) LPG for bottles
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32,000 Tonnes of Diesel Going to Market From Croatian Mandatory Stocks
April the 18th, 2022 - A massive 32,000 tonnes of diesel is going to be poured into the market from Croatian mandatory stocks of that fuel following a government decision issued last week. The move was made as more and more countries explore gas and fuel options that minimise any reliance on Russia.
As Poslovni Dnevnik writes, on Thursday, the government decided to release 32,000 tonnes of diesel fuel from Croatian mandatory stocks of oil and petroleum products. The Hydrocarbons Agency will release 12,000 tonnes of said diesel fuel from Croatian mandatory stocks by the end of April and 20,000 tonnes by the end of May 2022.
The Minister of the Economy and Sustainable Development, Tomislav Coric, explained that a meeting of the International Energy Agency (IEA) was held on April the 1st, 2022, at which an agreement was reached to release 120 million tonnes of oil from mandatory reserves in order to send a unique and strong message to international oil markets that there will be no shortage of supplies as a result of the Russian invasion of neighbouring Ukraine.
Although the Republic of Croatia is not a member of the International Energy Agency and has no obligations to engage in these practices, it can participate in the second joint coordinated action with the aforementioned 32,000 tonnes of diesel fuel, or 238,000 barrels converted into crude oil equivalents.
Back in March of this year, the Republic of Croatia participated in the first joint coordinated action to launch Croatian mandatory stocks out onto the market, during which it released 22,000 tonnes of diesel fuel, ie 164,000 barrels converted into crude oil equivalents, Minister Coric explained.
The decision to place Croatian mandatory stocks of oil and other such petroleum products on the market was made by the government, and the Hydrocarbons Agency will release those mandatory stocks onto the market at regular market prices.
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