Croatian Government Cuts Fuel Prices, Diesel Down 5 Cents, Gasoline 3 Cents

The Croatian government has implemented new fuel prices, announcing a reduction for both diesel and gasoline. Diesel will see a decrease of five cents per liter, while gasoline will be cheaper by three cents. These adjustments are part of the government's ongoing efforts to shield citizens from price fluctuations caused by disruptions in the energy market.

The decision, made during a government session, involves amendments to the excise tax rates on energy products and electricity, as well as the determination of maximum retail prices for petroleum derivatives. The government stated that the projected significant drop in derivative prices allowed for a partial release and correction of excise taxes and energy company premiums, bringing them closer to levels seen before the energy crisis.

Excise taxes have been adjusted upwards, by 0.03 euros per liter for unleaded gasoline and 0.04 euros per liter for diesel. Premiums have also been adjusted: 0.03 euros per liter for diesel, 0.035 euros per liter for blue diesel, and 0.02 euros per kilogram for propane-butane mixtures. The maximum retail prices are calculated based on the fossil fuel's base price over the preceding 14-day period, with capped premiums.

The new maximum retail prices are set at 1.54 EUR/l for gasoline, 1.54 EUR/l for diesel, and 0.96 EUR/l for blue diesel. Liquefied petroleum gas (LPG) for tanks will be 1.21 EUR/kg, and for bottles, it will be 1.79 EUR/kg. Without these government measures, and if retail prices were freely determined by energy company premiums and excise taxes, gasoline would cost 1.62 EUR/l and diesel 1.64 EUR/l.