Slovenia cuts fuel prices for first time since US-Israeli attack on Iran
For the first time since the US-Israeli attack on Iran in late February, Slovenian drivers will see a decrease in regulated fuel prices starting on 14 April.
Diesel prices will fall by 7.2 cents to €1.82 per litre, while regular petrol will drop by 3.3 cents to €1.62 per litre, according to the latest release from the Slovenian government.
The prices apply outside the motorway network; along motorways, where retailers are free to set prices, fuel is about 20 cents more expensive on average, CE Report quotes The Slovenia Times.
The price adjustment follows weeks of record-high fuel costs in Slovenia, driven by volatility in global oil markets.
The government has intervened by changing price regulation, reducing excise duties and suspending environmental taxes.
Excise duties are already at their lowest possible levels for diesel and heating oil, but there is still some scope for potential cuts for petrol.
Slovenia's fuel pricing methodology is based on international market trends and the dollar-euro exchange rate.
In response to the Iran conflict, the country shifted from a bi-weekly to a weekly price-setting model to better manage market fluctuations.
The latest price drop offers some relief to consumers, though analysts caution that global oil market conditions remain uncertain. The government said it continues to monitor the situation closely.
Photo: Bor Slana/STA
