17:53 / 02.06.2022.

Author: Domagoj Ferenčić

Croatia prepares for another massive jump in fuel prices

Gas station

Gas station

Foto: Dusko Jaramaz / PIXSELL

And as Croatia prepares to adopt the Euro, the price of fuel continues to skyrocket. As of next week another significant price hike is expected. The new wave of price hikes is likely to also have a knock-on effect with regard to food prices, which have already seen upward movement in recent months.

Addressing the issue on Thursday, Prime Minister Andrej Plenković said that government would discuss a new round of measures aimed at mitigating the impact on citizens’ living standard.

"We have legal foundations and regulations that we've already put to use. We've intervened in margins and excise fees, and there is still room to maneuver in that regard. This afternoon the inner cabinet will discuss the situation, and based on assessments from the economy and finance ministries, we'll adopt decisions that are in the best interests of Croatian citizens. We'll do the maximum we can given the current circumstances," the prime minister told reporters.

Over the past two years the prices of Eurosuper 95 gasoline and diesel have been rising at precipitously. From June of 2020 until today Eurosuper 95 has risen by 63%, while diesel has gone up by almost 62%. LNG (Liquefied Natural Gas) has skyrocketed by almost 95%.

The rising global energy prices were already in full swing before the war in Ukraine. However, with Western sanctions against Russia, which among other things targets Russian oil and gas, energy prices have been rising ever more intensely.

Source: HRT

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