Fuel prices on world stock exchanges are falling

Fuel will be cheaper if the government does not raise excise taxes

Photo: Pixabay

Fuel prices should be one to nine cents lower starting Tuesday if the Government extends the decision to reduce excise duties, which has been in effect since mid-March and expires on Tuesday, April 21st.

According to stock market quotes, and in the event that the excise tax on diesel continues to be reduced by 50 percent, the price of Eurodiesel will be reduced by nine cents and will cost 1.62 euros in retail.

Gasoline, as the Association of Oil Companies told Dan, should become cheaper by one to two cents. It now costs 1.55 and 1.58 euros, with excise duties reduced by 25 percent. Heating oil will become cheaper by seven cents and will cost 1.80 euros. Excise duties on heating oil have not been reduced.

Možura Wind Farm: Harm or benefit for the country?

The government claims that the ACG concession brings in billions, the opposition and unions warn of the risks

"Dan" yesterday asked the Ministry of Energy and the Ministry of Finance whether they would continue with the 50 percent reduction in excise duties on diesel and 25 percent on gasoline. They said that they would make a final decision on Monday. On that day, the Ministry of Energy will calculate the prices that will be valid from Tuesday, April 21. The relevant government departments, they said, are monitoring the situation and on Monday they will have a final calculation regarding excise duties and prices that will be valid from Tuesday.

Fuel prices are falling because a ceasefire is in place between the US and Iran, so prices on world stock exchanges are falling.

– Prices are stabilizing and returning to normal levels, which were in effect before the war. Accordingly, delivery and supply are stabilizing – the Association stated.

Fuel prices in Montenegro began to rise on March 9 and continued to rise until the last calculation, which was on April 14. The price of Eurodiesel increased by a total of 44 cents on four occasions. Due to the intervention of the Government, which reduced excise duties by 27 cents per liter on March 23, the increase of 71 cents was prevented in less than a month. If there had been no reduction in excise duties by 27 cents, the price of a liter of Eurodiesel at the beginning of April would have been 2.05 euros. Gasoline increased in price by about 20 cents per liter during the same period. The 25 percent reduction in excise duties reduced the price of this oil derivative by 16 to 17 cents per type.

Fuel prices in Montenegro have started to rise due to the conflict in the Middle East, which has completely disrupted the oil market. Yesterday, the Strait of Hormuz was finally opened, which also led to a drop in oil prices on world markets.