Heating oil will cost EUR 1.003 a litre, 0.6 cents less than so far, according to fuel retailers OMV Slovenija and Petrol.

Retail prices of petrol are adjusted every two weeks taking into account the price of oil derivatives on the Mediterranean markets and the exchange rate of the US dollar.

The lower prices come despite higher excise duties. The government raised the duty for heating oil by almost 5%, for diesel by 1.6% and for unleaded fuel by 3.3%.

The Finance Ministry said the raised duties will bring an additional EUR 1.77m a month into the budget.