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Cigarette and fuel prices go up

Author: mses
ZAGREB, April 21 (Hina) - Prices of most cigarette brands on the Croatian market on Tuesday rose by one kuna per cigarette pack due to the government's decision to increase excise duties on tobacco products, and also motor fuels' prices already went up by HRK 0.25 per litre last week, while they increased further by the average of HRK 0.29-0.32 per litre on Tuesday.

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.

(Hina) ms

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