Fuel prices to rise in Slovenia from Tuesday

Slovenians will face higher fuel costs starting Tuesday, as new regulated prices for gasoline, diesel, and heating oil come into effect. The Ministry of Infrastructure and Energy announced the upcoming price adjustments, which mark an increase compared to the previous period.

The price of a liter of 95-octane unleaded gasoline will climb by 6.1 cents, bringing the cost to 1.649 euros at service stations outside of highways and express roads. Previously, it cost 1.588 euros per liter. For a 50-liter tank, this translates to an additional expense of approximately 3.05 euros, with the total cost reaching 82.45 euros. The ministry estimates that without state regulation, the price of gasoline could have reached around 1.752 euros per liter.

Diesel fuel will experience a more substantial price hike. The new regulated price will be 1.855 euros per liter, an increase of 13.2 cents from the previous rate of 1.723 euros. Filling a 50-liter tank with diesel will now cost 92.75 euros, an increase of about 6.60 euros. Without regulation, diesel prices were projected to reach approximately 1.959 euros per liter.

Heating oil will also become more expensive, with the price per liter rising to 1.464 euros, an increase of 14 cents from the previous 1.324 euros. Purchasing one thousand liters of heating oil will cost 1,464 euros, excluding transport costs. The ministry calculates that this regulation saves households approximately 104 euros on a 1,000-liter purchase compared to a scenario without state intervention, where the price could have reached 1.568 euros per liter.

The new prices incorporate existing excise duties. The regulated prices for these fuels are determined by a methodology that considers a seven-day average of oil derivative prices on the global market, using Platts European Marketscan, and the exchange rate between the U.S. dollar and the euro. This regulation applies to 95-octane unleaded gasoline, standard diesel fuel, and heating oil sold at service stations located off highways and express roads.