Croatia, Government announced that it has decided to cap retail fuel prices for a period of 30 days

, SEE Energy News

The Croatian Government announced that it has decided to cap retail fuel prices for a period of 30 days in order to mitigate the rise in global fuel prices on the country’s economy.

The statement from the Government said that due to sudden and sharp changes of prices of oil and oil derivatives, both on the world market and our closest referential Mediterranean market, the highest retail prices resulting from the imbalance between the current demand and supply, should be limited over a certain period of time.

The price of eurosuper 95 is capped at 1.51 euros per liter, eurodisel at 1.5 euros per liter and for eurodiesel BS blue used in agriculture the price is capped at 0.86 euros. Prices of premium fuels will not be capped.

Previously, In mid-October 2021, the Government decided to introduce a cap on the retail prices of petrol and diesel for the next 30 days. According to the decision, the maximum retail price of petrol was capped at 1.48 euros per liter, while the maximum price of diesel was limited at 1.46 euros. The measure was extended by another month in early November, with the difference that only two basic fuel types – eurosuper 95 and eurodiesel were affected by the price cap, while the price of premium fuels were no longer capped. The cap was removed in December.