20:18 / 05.02.2022.

Author: Nikola Badovinac

Government working to buffer increasing energy prices

Natural gas

Natural gas

Foto: Pixabay / Pixabay

Economy and Sustainable Development Minister Tomislav Ćorić said on Saturday that anyone unjustifiably increasing prices during the euro changeover would be exposed.

"There will be continual monitoring by the state, and, I'm confident, by consumer associations as well. Those who possibly increase prices without justification must be exposed," said the minister.


Speaking of inflation, he said that global markets had unfortunately started raising gas, electricity and oil prices and that the state could not influence it more significantly except by cutting taxes to alleviate the impact as much as possible after electricity and gas prices go up on 1 April.


"As of 1 April we will do our best so that the electricity and gas price increase is as small as possible," he said.


Ćorić said that he believed that if the situation on the energy market calmed down, Croatia would not experience the impact of price hikes as experienced by some other EU members.


Asked if the anticipated inflation rate of 2.8% would have an impact on this year's tourist season, Ćorić said that if commodity prices increased by a few percentage points in the first half of the year, a likely rise in energy prices could lead to a rise in prices of services.


Asked if the government would cap fuel prices, Ćorić said the government would respond if the prices escalated.


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