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New Fuel Prices: Petrol 1.56 Euros, Diesel 1.71 Euros

At this week's session, the government adopted a Regulation on maximum retail prices of petroleum derivatives, which came into force on August 11 and is valid for one week.

Foto: Ibrahim Boran na Unsplash
Summary
  • Petrol is six cents cheaper as of midnight, now costing 1.56 euros per liter.
  • Diesel dropped by four cents to 1.71 euros, and blue diesel by three cents to 1.18 euros.
  • The government has kept reduced excise duties and capped trader margins, with new prices valid for seven days.

As of midnight, a liter of petrol is six cents cheaper, diesel four cents, and blue diesel three cents, with the new government regulation coming into force, fuel prices in Croatia have once again edged lower. The Regulation on setting maximum retail prices, adopted at this week's government session, will be valid for the next seven days and confirms the pattern of administrative price capping, which, left to the market, would cost drivers significantly more.

Petrol 1.56, Diesel 1.71, Blue Diesel 1.18

The specific figures are as follows: petrol now costs 1.56 euros per liter, diesel 1.71 euros, and blue diesel, intended for farmers and fishermen, 1.18 euros. The same regulation also reduced the price of liquefied petroleum gas by eight cents per kilogram, whether filling large tanks or bottles. The price for tanks is now 1.20 euros per kilogram, while bottled gas costs 1.78 euros per kilogram.

Calculation with Capped Margins

The mechanism behind these prices relies on the base price of fossil fuel from the previous seven-day period, to which strictly limited margins are added. For petrol, this margin is capped at 0.1435 euros per liter, for diesel at 0.1145 euros, and for blue diesel at a modest 0.0436 euros. For the propane-butane mixture, the margin for bottles must not exceed 0.9037 euros per kilogram, while for large tanks it is capped at 0.4416 euros per kilogram.

Excise Duties Still Reduced

The government has also maintained reduced excise duties compared to the pre-crisis period: the excise duty on unleaded motor petrol is nine cents per liter lower, and on diesel fuel seven cents lower. These levels have remained unchanged from the previous two-week period, signaling that the intervention is not being abandoned.

Market Price: Petrol 1.71, Diesel 1.91

What drivers would pay without government measures is clearly shown by the calculations in the Regulation itself. A liter of petrol, if prices were freely formed, would cost 1.71 euros, diesel 1.91 euros, and blue diesel 1.24 euros. Liquefied petroleum gas for tanks would rise to 1.31 euros per kilogram, while bottled gas would reach 2.02 euros-a difference that, for now, remains only a hypothetical line on paper.

FAQ
How much have petrol, diesel, and blue diesel decreased in price? +
Petrol decreased by six cents per liter, diesel by four cents, and blue diesel by three cents per liter.
How long will the new fuel prices be in effect? +
The new prices are valid for seven days, i.e., until the next determination under the Government Regulation.
What would fuel prices be without government measures? +
Without government measures, a liter of petrol would cost 1.71 euros, diesel 1.91 euros, and blue diesel 1.24 euros.
Have fuel excise duties remained the same? +
Yes, excise duties have been maintained at the same level as in the previous two-week period, meaning they are still reduced compared to the pre-crisis period.

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