Fuel prices have recently increased by up to 8 cents, mainly due to recent tensions in the Middle East, according to Montenegro’s Ministry of Energy and Mining. These changes were factored into the latest price calculations in mid-June.
Economic analyst Davor Dokić expects global oil market conditions to stabilize soon, which should lead to a decrease in fuel prices at the pump. He emphasized that now is not the right time for the government to reduce excise taxes on fuel, as this would negatively impact the budget, which is currently fragile.
Citizens have mixed reactions: some see the price hike as another blow to their living standards, while others acknowledge that fuel prices in Montenegro remain among the lowest in the region despite the increase.
The Ministry assures that fuel supply chains are stable and uninterrupted, with an expected price stabilization and gradual decline to be confirmed in the upcoming price review scheduled for June 12.
