Montenegro raises fuel prices amid rising global energy costs
Montenegro has raised retail fuel prices significantly, citing Middle East geopolitical tensions and international oil market volatility.
Montenegro's government has announced a sharp increase in retail fuel prices following a rise in international crude oil costs driven by geopolitical instability in the Middle East and global supply chain disruptions.
Under the updated pricing structure, Eurodiesel will rise by 14 cents to €1.79 per liter, while Eurosuper 98 and Eurosuper 95 will reach €1.81 and €1.77 per liter, respectively. Heating oil prices will also increase to €1.79 per liter. The adjustments were adopted during an electronic cabinet session modifying fuel excise duties.
The price hikes coincide with growing domestic scrutiny, with opposition figures and economic analysts warning against the country's reliance on high consumption levels alongside a growing trade deficit.
Sources: Vijesti