Tuesday, 11 April 2023

Yet More New Croatian Fuel Prices as of Today, Here's a List

April the 11th, 2023 - There are yet more new Croatian fuel prices in force today, meaning yet another set of calculations for road users. Here is a list of the cost changes for petrol, diesel and more.

As Poslovni Dnevnik writes, just last Friday, a telephonic government session was held at which the Regulation on determining the highest retail prices of petroleum derivatives was once again adopted, as it has been being for a long time now.

According to that aforementioned Regulation, the highest retail Croatian fuel prices are calculated according to the formula according to the base 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 HRK/l) for blue diesel, and in the amount of 0.8229 EUR/kg (6.20 HRK/kg) for the mixture propane-butane for bottles, or 0.3716 EUR/kg (2.80 HRK/kg) for large containers.

The new Croatian fuel prices are active as of today (April the 11th, 2023), and this regime will be valid for the next fourteen-day period. The new prices will be as follows:

1.43 EUR/l (10.77 HRK/l) for petrol (an increase of 0.04 EUR/l)
1.33 EUR/l (10.02 HRK/l) for diesel (a reduction of 0.01 EUR/l)
0.83 EUR/l (6.25 HRK/l) for blue diesel (a reduction of 0.01 EUR/l)
1.30 EUR/kg (9.79 HRK/kg) LPG for tanks (an increase 0.01 EUR/kg)
1.86 EUR/kg (14.01 HRK/kg) LPG for bottles (an increase 0.01 EUR/kg)

If there were no government measures and if retail prices were completely freely formed at the level of premiums of energy entities before the first Regulation, Croatian fuel prices would amount to the following:

1.66 EUR/l (12.51 kn/l) for petrol
1.56 EUR/l (11.75 kn/l) for diesel
0.95 EUR/l (7.16 kn/l) for blue diesel
1.54 EUR/kg (11.60 HRK/kg) LPG for tanks
2.17 EUR/kg (16.35 HRK/kg) LPG for bottles

For more, make sure to check out our dedicated news section.

Saturday, 8 April 2023

More Revised Croatian Fuel Prices Coming This Tuesday

April the 8th, 2023 - Yet more new Croatian fuel prices are set to come into force in petrol stations across the country this Tuesday. Here are the new costs for diesel, petrol and more.

As Poslovni Dnevnik writes, at a recently held government session, during which revised Croatian fuel prices were discussed, the Decree on determining the highest retail prices of oil derivatives was adopted, according to which the highest retail prices will be calculated according to the formula according to the basic price of fossil fuel in the previous fourteen-day period.

The regulation enters into force on April the 11th, 2023, and this regime will be valid for the next fourteen day period. Petrol will increase in price by 4 cents per litre from Tuesday onwards, and diesel will be cheaper by one cent.

The new Croatian fuel prices as of tuesday will be as follows:

· 1.43 EUR/l (10.77 HRK/l) for petrol (an increase of 0.04 EUR/l)
· 1.33 EUR/l (10.02 HRK/l) for diesel fuel (a reduction of 0.01 EUR/l)
· 0.83 EUR/l (6.25 HRK/l) for blue diesel (a reduction of 0.01 EUR/l)
· 1.30 EUR/kg (9.79 HRK/kg) LPG for tanks (an increase 0.01 EUR/kg)
· 1.86 EUR/kg (14.01 HRK/kg) LPG for bottles (an increase 0.01 EUR/kg).

For more, make sure to check out our dedicated news section.

Sunday, 18 December 2022

Croatian Fuel Prices to Finally Drop Below 10 Kuna This Week

December the 18th, 2022 - Croatian fuel prices are set to finally drop back down below ten kuna per litre after a very long time, with some weeks seeing it remain at around sixteen kuna per litre. Minister Davor Filipovic has since confirmed this.

As Poslovni Dnevnik writes, on Monday, this week, the government should pass a new regulation on Croatian fuel prices, and according to sources from the wholesale market, the pressure on fuel prices could ease. Currently, Croatian fuel prices are being adjusted so that petrol is being sold for 10.6 kuna per litre, diesel for 11.59 kuna per litre, and blue diesel for 7.95 kuna per litre.

tportal's reliable source from the wholesale market revealed that starting next week, all fuels, especially diesel, could be cheaper.

According to current data, on Monday, a litre of diesel wholesale will be sold at 11.64 kuna, which is 53 lipa less than the current fixed prices.

Petrol will probably drop below ten kuna, because its valid wholesale price from Monday is 9.47 kuna per litre, which is 1.13 kuna less than the current price. Minister Davor Filipovic recently confirmed the very welcome drop in Croatian fuel prices, stating the following:

"When you take into account the trading of petrol and diesel on the Mediterranean market for the past two weeks, there will be a noticeable reduction in the prices of petrol, diesel and blue diesel. So, starting Tuesday, there will be more favourable Croatian fuel prices.''

He said that he couldn't give any specific figures yet "because at the moment things are still being traded the same way. We'll see what happens after today's trading, but in any case, it's good news.''

For more on Croatian news, make sure to check out our dedicated news section.

Monday, 14 March 2022

Croatian Fuel Prices Expected to Leap Once Again Tomorrow

March the 14th, 2022 - With inflation continuing on its global upward trajectory and with the Croatian Government set to put its inflation-curbing measures into place only on the 1st of April, Croatian fuel prices will likely shoot up once again tomorrow.

As Poslovni Dnevnik writes, yet another very unwelcome new increase in Croatian fuel prices is expected from Tuesday the 15th of March. As it turns out, that fuel price leap will stand at about one kuna and 60 lipa, meaning that a litre of petrol would rise to 13 kuna and 79 lipa, and diesel to 14 kuna and 13 lipa per litre. Some Croatian economists are reassuring people that oil will not become so expensive for a long time yet, as reported by Dnevnik.hr.

"This rise in Croatian fuel prices is likely to come to a halt later on this year, regardless of the outcome of the political and military situation unfolding over in Ukraine, meaning that market mechanisms will begin to work, namely at high prices, and consumers will begin to reduce their consumption," said well known Croatian economic analyst Damir Novonty.

Bus transport companies, which have faced hardship after hardship as a result of the coronavirus pandemic and its accompanying restrictions, as well as a lack of state intervention, will no longer be able to function normally without the help of the government.

The above was recently warned about from the Association of Public Line Carriers, especially in rural areas of the country where buses are the only means of transport for locals to get to school, work, pharmacies or to the shops. You can read more about that here.

Until then, Croatian transport companies, primarily bus carriers, the association says, will be forced to raise their ticket prices by 30 percent if government aid continues to lack as we move forward. An example of that would be that a typical Zagreb-Split bus ticket would increase in price by about fifty kuna.

For more, make sure to check out our lifestyle section.

Friday, 12 November 2021

Croatian Fuel Prices Still More Affordable Than Current EU Average

November the 12th, 2021 - Croatian fuel prices have been a thorn in the side of every road user in the country for a period stretching weeks now, and although the government has stepped in to cap any further rises in price for another month, the situation is still far from pleasant for most. That said, Croatian fuel prices are still better than the EU average.

As Poslovni Dnevnik writes, the Croatian government will, as stated, extend the measure of capping Croatian fuel prices for another month. Tportal checked whether, after the price freeze, Croatia became cheaper than its surrounding countries.

The aforementioned government decree halted further price growth and the burden fell directly onto the backs of distributors and they then had to reduce their margins as a result. Other European Union member states, meanwhile, have also introduced various measures to stabilise their own respective fuel prices. In addition, over the past two weeks, oil prices have stagnated, so the pressures on the growth of derivative prices have decreased.

Therefore, the relative ratios of Croatian fuel prices in relation to the surrounding countries haven't really changed significantly. Fuel in Croatia is still slightly cheaper than the EU average, but much like before and rather unsurprisingly, it is still more expensive than it is sold for in most countries in the immediate region.

When converted into euros, the average price of a litre of petrol in the EU is 1.55 euros or approximately 11.63 kuna, which is about five percent more than it costs here in Croatia. The difference in the price of diesel is smaller, and one litre of diesel in the EU costs an average of 1.48 euros, while in Croatia it costs 1.46 euros.

When we look at nine countries from Croatia's more immediate environment, the regulated price of Eurosuper 95 of 1.48 euros is higher than in the six observed countries. Only in Italy and Germany do consumers pay a higher price than we do in Croatia, as was reported by tportal.

For more, make sure to check out our dedicated lifestyle section.

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