Business News

Govt extends control over fuel prices until end of year

Ljubljana, 26 September (STA) - The government extended on Thursday a decree on administered fuel prices by another three months, until the end of the year, which shows that the Economy Ministry has once more failed to introduce full liberalisation of the fuel market.

The prices of premium petrol and heating oil have been formed freely by the retailers since April 2016, while prices of all fuels sold along motorways were fully liberalised as well in November the same year.

Meanwhile, the prices of diesel and regular sold at service stations outside the motorway network remain under the government's control, despite repeated efforts by the ministry for full liberalisation.

The current decree expires on 30 September, while today's extension will be put into force on 1 October.

The regulated petrol prices are adjusted every two weeks, factoring in oil prices in global markets, the euro-dollar exchange rate and biofuel prices.

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