Sunday, 23 October 2022

Fuel to Get More Expensive on Tuesday, Government Won't Intervene

October 23, 2022 - After the last week's Government intervention which stopped the inevitable increase in fuel prices, the media reports that this week there will be no such intervention.

Last week, the prices of fuel at all gas stations in Croatia were to go up significantly and the media already reported on the increase. However, the government stepped in and prevented that from happening. However, today the media reports that it was only a postponement of the inevitable, as the government has reportedly decided not to step in again this week.

Unofficially, the prices will be 13.44 kn for a litre of diesel (1.14 kn increase), 11.10 kn for a litre of eurosuper (0.38 kn increase), while the price for the so-called "blue diesel" should increase by 1.31 kn.

Supposedly, reliable sources explain that this decision by the Government was greatly influenced by OPEC's announcement that they plan to further reduce production, which will inevitably increase the prices further. Thus, there seems to be only one measure left to the government to prevent additional fuel price increases: the eventual decrease of the excise tax. However, there is no indication yet whether the Government is considering such a move to help the citizens. Some reports suggest that the move might come earlier than expected and that there is a possibility that we might see this type of intervention as soon as tomorrow.

Tuesday, 8 March 2022

New Fuel Prices at Croatian Gas Stations Announced

March 8, 2022 - The government has made a decision that fixes the margin of oil traders and temporarily reduces excise duties on diesel and gasoline to mitigate rising prices. Thus, as of today, new fuel prices at Croatian gas stations are more expensive. You can follow the latest fuel prices on this page.

The new price of regular diesel is now HRK 12.51, and Class Plus diesel HRK 13.56. Ordinary petrol, ie Eurosuper 95 now costs 12.18 kuna, while Eurosuper 100 costs 13.11 kuna.

Recall, the government has made a decision which fixes the margin of oil traders and temporarily reduces excise duties on diesel and gasoline to mitigate rising prices, said Prime Minister Andrej Plenković in the introduction to the government session, writes N1.

"Fixing the price could lead to the closure of some gas stations"

If the retail price fix was extended, many distributors in the market would face the situation of operating at a loss, which could lead to the closure of some gas stations, he added.

"In order to avoid such a situation, we will enable their further business by fixing the total margin for diesel and gasoline at 0.75 kunas per liter and 0.50 kuna per liter for blue diesel," said Plenković.

Excise duties and margins will be valid for 90 days

In addition, he added, the amendments to the Decree on Excise Duties will reduce the number of excise duties on diesel and gasoline by 90 lipas per liter of unleaded motor gasoline and 20 lipas per liter of diesel fuel for a period of 90 days.

"In this way, we want to contribute to reducing the price shock on our citizens, and according to our calculations, this will lead to a reduction in state budget revenues from excise duties on energy over 150 million kunas," said Plenković

According to government estimates, the new measures will keep the price increase per liter of fuel, whether diesel or petrol, which would amount to around two kunas in real market trends, from an increase of 80 lipas to 1.20 kuna.

For more, check out our politics section.

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