The Slovenia Times

Motor fuels get cheaper

Business

Prices of most popular types of fuel sold at services stations off the motorway network in Slovenia will come down substantially on 6 December. In fact diesel has not been this cheap since late April.

Prices of regular and diesel sold off motorways have been regulated since 21 June when the current government returned to a pricing model in force prior to October 2020 which is underpinned by margin caps. Along the motorway, retailers are free to set their prices.

Prices change every two weeks, depending on global oil price trends and the dollar-euro exchange rate. Over the next two weeks, regular will be sold at €1.366 a litre, down 9.8 cents on the previous two weeks, and the lowest since the price in force between 27 September and 10 October.

Meanwhile, the price of diesel will drop for the third consecutive time to €1.556 a litre, down by 6.7 cents on the previous two weeks and the cheapest it has been since late April, when a blanket price regulation imposed by the previous was in force.

In the wake of the Russian invasion on Ukraine, the Janez Janša government capped retail prices in mid-March at €1.503 for regular and €1.541 for diesel. As the caps expired at the end of April, prices surged. The government reimposed caps on 11 May, at €1.560 for regular petrol and €1.668 for diesel.

That regulation was abandoned as the current model came into force on 21 June under the present government. At the time regular sold off motorways was capped at €1.755 and diesel at €1.848.

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