The sixth package of sanctions against Russia and the restriction or introduction of an embargo on Russian oil and Russian oil derivatives mostly caused the latest increase in fuel prices in Montenegro, explained Draško Striković from the Association of Oil Companies of Montenegro.
He said this as a guest in Colors of the Morning on Televizija Vijesti.
He reminded that from tomorrow Eurodiesel will cost 1,78 euros, that is, it will be 20 cents more expensive, while Eurosuper 95 will be 1,73 (eight cents more expensive), and Eurosuper 98 gasoline will cost 1,77 (nine cents more).
"This change takes effect from tomorrow and will be valid for the next 14 days, when a new calculation should be done," he added.
When it comes to the situation with Russia, Striković emphasized that it is necessary to separate the fact that that country supplied both crude oil and finished products.
"Precisely because of that and the aforementioned introduction of the embargo, the biggest increase in the prices of Eurodiesel, which is limited, directly caused the demand to remain at a high level, and the supply was practically wiped out for the European market," says Striković.
He believes that a drastic jump in prices is not currently expected, because this is the initial period that happened now.
"That is the result of this calculation, in the coming period we would definitely expect slightly higher prices, however, until some further unraveling of the circumstances, everything will depend on the events in Ukraine," said Striković.
He states that the latest prices were brought with a reduced excise duty of 50 percent.
"It is the second decision made by the government, and we already had one reduced by 40 percent, and that decision was valid until July 3," he said.
Are these the highest fuel prices on record?
"Yes, both in Montenegro and in the world, where such prices stimulate inflation," said Striković.
He explained that this is the tenth confrontation since the beginning of the year.
"Nine times we had price increases, and only one price reduction during this year".
Has fuel consumption in Montenegro fallen after all the price increases?
"At the moment, there is no significant drop, and the tourist season is coming, during which Montenegro has a significant increase in consumption, more or less doubling of traffic," says Striković.
He also pointed out that he does not expect a reduction in prices in the next few months, but that it is to be expected that the government will extend the decision of a 50 percent reduced excise tax after the latest price increases.
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