Croatia froze gas station prices
On Wednesday, the price of diesel fuel passed the psychological limit of BGN 3.50 per liter and the average price is now BGN 3.51. Only two chains remain below this limit – Lukoil and Gazprom, in which diesel fuel, despite the price increase in recent days is BGN 3.44 and BGN 3.46 per liter, respectively.
The most expensive is the diesel in the Petrol sites – BGN 3.57 per liter, in the others the price ranges between BGN 3.52 and BGN 3.54.
The price of the most popular fuel – gasoline A95 – has already reached the limit of BGN 3.50 per liter. As of yesterday, it is sold at Petrol gas stations at BGN 3.42. The high-octane A100 has long been sold at prices between BGN 3.60 and BGN 3.85, and if the trends continue, it may soon exceed BGN 4 per liter.
At the same time, the intentions to subsidize with 25 cents per liter of fuel for end customers in our country
is still on logs
The idea was developed to pass as part of the anti-crisis compensatory measures to be voted on with the budget update, but so far the Ministry of Finance has not announced how to support customers and how to control the granting of this assistance. Fuel traders interviewed by 24 Chasa claim that no one has told them the methodology by which to include these compensations in the price and how exactly to report them.
Greece will increase state aid for expensive fuels by 200 million euros, according to the estimated budget of the government’s “Fuel Check-2” initiative, which Imerisia newspaper revealed. The bonuses are expected to help 3 million drivers.
The main requirement for receiving the subsidy for the quarter July-September is the annual income of the family to be up to 30 thousand euros or up to 45 thousand, if the additional allowed 3000 euros for each member of the household is included.
For example, a family with two children will have an income limit of 39,000 euros, and for three the maximum will be 42,000. The highest possible is 45,000 euros and is for Greeks with 4 or more children.
Finance Minister Christos Staicuras expects the application platform to open at the end of July.
The subsidy will be tripled compared to “Fuel Check-1” for those who choose a digital bank card. The bonus will be 15 euros compared to the previous 5.
Under the new scheme, the amount of subsidies for a car in the mainland is 80 euros with the digital card and 65 without it, and for motorcycles – 60 euros with the card and 45 without. In the areas of the islands the bonuses remain higher – 100 euros with the digital card and 85 without it for a car and respectively 70 and 55 euros for motorcycles.
The increase of this bonus was necessary, because in the first initiative “Fuel Check-1” more than 80% of the eligible population chose to make the transfer by direct credit to a bank account.
The allocated funds will succeed
to download with 44 cents per liter
the price of the columns at the Greek gas stations in the mainland. This makes 80 euros a relief for 180 liters of fuel intended for the upcoming quarter. On the islands, the reduction will reach 56 cents per liter, or 100 euros for the same 180 liters that apply to each driver.
Special relief is also provided for farmers, who will have the right to reimburse excise duty on purchased fuel in August in the first half of the year.
The Croatian government has also taken steps to help its population in the face of rising fuel prices. However, it preferred a different approach than the Greek one. Prime Minister Andrej Plenković announced that a decision had been made on Tuesday to freeze current prices at all petrol stations, except those on motorways.
Thus, diesel will cost 13.08 kuna, or BGN 3.40 per liter, and gasoline A95 – 13.5 kuna or 3.51 BGN per liter, if purchased from a gas station that is not on the highway. According to them, the price of fuel can rise, and now diesel is 13.57 kuna, and gasoline A95 – 14.06 kuna. This non-traditional measure affects 94% of gas stations in the country, and premium fuels are not included in the freeze.
France has also confirmed that it will introduce new measures to help households that are heavily dependent on their vehicles. The decision was made as fuel prices there continue to reach new higher values, as unleaded gasoline A95 again exceeded a record 2 euros per liter.
“I have asked Finance Minister Bruno Le Mer to develop a measure specifically for those who travel many kilometers every day, whether it is about getting to work or doing it,” said Prime Minister Elizabeth Bourne.
The government is also considering enabling employers to more easily fund part of employees’ fuel costs.
Fuel prices in France have risen by more than 13 cents per liter in the last week alone, an absolute record, according to data from the Ministry of Ecology, published on June 7.
Germany has also taken measures not just to freeze prices, but even to make fuel cheaper. Since the beginning of June the government
reduce energy term tax from 3 months,
which is directly related to the formation of prices at gas stations. The discount for drivers will cost the state more than 3 billion euros.
In Germany, fuel prices at petrol stations depend on several components. The most important factor is the purchase values of gasoline and diesel, which are necessarily linked to the prices of raw materials, and hence to the economy and political situation in the world.
The dollar exchange rate is also important, as oil is traded almost entirely in US dollars, and gas station prices rise when the exchange rate rises against the euro. Other important factors are the cost of transport, storage or further processing, as well as the profits of mineral oil companies.
This complex formula has another important component – a large part of the price of fuel goes to the state budget, because the largest share of energy tax.
Until the beginning of June it was 65.45 cents per liter of gasoline and 47.04 cents for diesel, and after the reduction for these three months it is 35.9 and 33 cents per liter, respectively. In this way, the German government is giving up tax revenues, which are estimated at more than 3 billion euros.
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