Croatian economy minister promises to act on excise or VAT on fuel prices if necessary

“We’ll talk with the social partners and see how the situation develops and if a certain intervention will be necessary. There are tools for that,” Prime Minister Andrej Plenković said. [shutterstock/ n_defender]

Fuel prices in Croatia hit the highest level in history on Monday (11 October) night as a result of the ongoing fuel and energy crisis throughout Europe.

A litre of Eurosuper 95 is up 26 lipas (one kuna has 100 lipas) and is now 11,30 kuna (€1,50). The price of diesel fuel jumped by 40 lipa, and a litre is now 11,40 kuna (€1,52). The increases result from a rise in oil prices on world markets and a high dollar exchange rate.

In the price structure of diesel (11,40 kuna), about 5.30 kuna go to the trader (oil, logistics and refinery and trade margin), and 6.10 kuna goes to the state for excise duties and VAT. Given that excise duties are fixed and amount to 3.86 kunas, this is the only place where the state could potentially help drivers.

“We’ll talk with social partners and see how the situation develops and if a certain intervention will be necessary. There are tools for that,” Prime Minister Andrej Plenković said. He added that the government “will not play (with) the psychological benchmarks” of fuel prices because it did not know the prices tomorrow and how high they could go.

(Željko Trkanjec | EURACTIV.hr)

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