Last Thursday, the Croatian government decided to increase excise taxes on gasoline and diesel fuels by HRK 0.20 per litre as well as to raise excise duties on tobacco products in order to increase state budget revenues, with the explanation that this decision arose from Croatia's obligation to curb excessive macroeconomic imbalances, as requested by the European Commission.
Fuel providers ascribe the additional increases in fuel prices to the latest trends in crude oil prices on the global and Mediterranean oil markets and the kuna-dollar exchange rates.