Croatia, Government adopted a decision to cap margins on sales of petrol and diese

, SEE Energy News

The Croatian Government adopted a decision to cap margins on sales of petrol and diesel, as well as to temporarily cut the excise duties on fuel in order to mitigate the impact of the global fuel prices increase on its citizens and ensure stable deliveries of oil products in the country.

In February, the Government re-introduced price caps for Eurosuper 95 at 1.51 euros/liter, Eurodiesel at 1.5 euros/liter and for Eurodiesel BS blue used in agriculture the price is capped at 0.86 euros/liter until 8 March.

Prime Minister Andrej Plenkovic said that extending that measure would result in losses and business closures for many fuel retailers and, in order to avoid that, the Government decided to cap the total margin on diesel and petrol fuel at 0.01 euros/liter and at 0.066 euros for Eurodiesel BS blue.

Also, the Government will reduce the excise duties on petrol and on diesel by 0.053 and by 0.026 euros/liter respectively, for a period of 90 days.

According to PM Plenkovic, these measures will reduce budget revenues by more than 20 million euros.