Croatian Fuel Prices Still More Affordable Than Current EU Average

Lauren Simmonds

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As Poslovni Dnevnik writes, the Croatian government will, as stated, extend the measure of capping Croatian fuel prices for another month. Tportal checked whether, after the price freeze, Croatia became cheaper than its surrounding countries.

The aforementioned government decree halted further price growth and the burden fell directly onto the backs of distributors and they then had to reduce their margins as a result. Other European Union member states, meanwhile, have also introduced various measures to stabilise their own respective fuel prices. In addition, over the past two weeks, oil prices have stagnated, so the pressures on the growth of derivative prices have decreased.

Therefore, the relative ratios of Croatian fuel prices in relation to the surrounding countries haven’t really changed significantly. Fuel in Croatia is still slightly cheaper than the EU average, but much like before and rather unsurprisingly, it is still more expensive than it is sold for in most countries in the immediate region.

When converted into euros, the average price of a litre of petrol in the EU is 1.55 euros or approximately 11.63 kuna, which is about five percent more than it costs here in Croatia. The difference in the price of diesel is smaller, and one litre of diesel in the EU costs an average of 1.48 euros, while in Croatia it costs 1.46 euros.

When we look at nine countries from Croatia’s more immediate environment, the regulated price of Eurosuper 95 of 1.48 euros is higher than in the six observed countries. Only in Italy and Germany do consumers pay a higher price than we do in Croatia, as was reported by tportal.

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