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Croatia caps fuel retail prices for 30 days to back economic recovery

Author Annie Tsoneva
Croatia caps fuel retail prices for 30 days to back economic recovery Croatian prime minister Andrej Plenkovic/Photo: Croatian govt

ZAGREB (Croatia), October 14 (SeeNews) - Croatia's government said on Thursday it decided to cap the retail prices of petrol and diesel for the next 30 days to alleviate the impact of the recent jump of fuel prices on international markets on the country's economic recovery and the standard of living.

“With regard to the current economic situation, the unpredictability of oil prices on the world markets and the impact of oil prices on the overall economic activity and the people's standard of living, with an aim to ensure further economic recovery, we decided to use an opportunity [in the fuel price law] to stabilise the prices of petrol and diesel for a period of 30 days,” prime Minister Andrej Plenkovic said during a weekly cabinet meeting.

According to a video file of the meeting published on the government's website, the maximum retail price of gasoline is capped at 11.11 kuna ($1.71/1.48 euro) per litre, while the maximum price of diesel is limited at 11 kuna.

This week, the retail prices of petrol were 0.26 kuna higher compared to last week, and diesel prices were 0.40 kuna higher, according to website cijenagoriva.info. The current Eurosuper 95 petrol prices range from 11.26 kuna to 11.61 kuna at the pump, while prices of Eurodiesel range from 11.26 kuna to 11.66 kuna.

(1 euro=7.509 Croatian kuna)

 
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