16:51 / 29.03.2022.

Author: Domagoj Ferenčić

Fuel prices jump yet again as inflation continues

Economy Minister Ćorić

Economy Minister Ćorić

Foto: Patrik Macek / PIXSELL

As the political stand-off between the east and the west continues, price inflation on western markets, including that of Croatia, continues unabated. On Tuesday the price of gasoline and diesel in Croatia rose yet again.

Economy and Sustainable Development Minister Tomislav Ćorić says he is hopeful that the decline in oil prices on reference markets on Monday and Tuesday will result in lower prices next week: “Insomuch as we have a further escalation of prices, we could adjust excise taxes once again. Other than that we don't have any significant tools at our disposal with which to react.”

As far as food goods are concerned, most expect prices to continue to rise. The State Secretary at the Agriculture Ministry, Tugomir Majdak, said that government has and will continue to implement measures aimed at mitigating the effects of the price hikes on households. Milka Kosanović, from the Croatian Employers Association, today reassured citizens that there is no reason to plan for food shortages: “Our reserves are satisfactory, so there really shouldn't be any shortages in the short to mid-term. As for the how things will go in the future, that all depends on the situation in Ukraine. Ukraine is among the top ten in all agricultural sectors in terms of production, so it will definitely have some kind of an effect, but nothing that would result in a run on stores.”

Source: HRT

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