Croatia's small fuel distributors file claim against price caps

On Monday, the government announced a fresh price cap on fuel prices for a period of seven days, despite a strong rise in diesel prices on the world market - a move that will again force small distributors to sell fuel at a loss of one kuna ($0.13/0.13 euro) per litre, the association said in a press release on Monday.

“The small retailers are warning that due to the government’s interventions on the fuel market, and the ongoing energy crisis, there will inevitably be a shortage of fuel if the reckless energy policy continues,” according to the press release.

The government is aditionally destabilising the energy market, as it fails to understand that its interventions do not save anybody but further complicate the exit from the energy crisis, the association claimed.

The government started interventions on the fuel retail market around a year ago, aiming to alleviate the impact of global fuel price hikes on Croatia's economic recovery and the living standard of citizens.

(1 euro=7.531 kuna)