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Analyst on rising fuel prices: The government has three mechanisms to control
Croatia🏛️ PoliticsCenteryesterday

Analyst on rising fuel prices: The government has three mechanisms to control

Fuel prices have risen again, primarily due to the escalation of tensions in the Middle East. The situation has worsened after U.S. President Donald Trump declared the Strait of Hormuz an American territory and threatened severe penalties against countries supporting Iran. The United States announced the harshest sanctions yet, prompting Iran to claim such actions would violate international law. Energy expert Ivica Jakić discussed these developments with RTL, explaining that the government’s decision to set fuel prices weekly indicates the instability of the current situation. He noted that a single statement by the U.S. president can influence stock market prices, confirming the direct link between oil prices and the Middle East crisis. Jakić stated that the government is monitoring the situation closely and will take measures to stabilize prices using available mechanisms, including floating taxes and adjusting VAT rates. He warned that fuel prices at highways are already significantly higher, up to 2.30 euros per liter for diesel, which compensates traders but heavily impacts small retailers who cannot freely set their prices. Jakić emphasized that the government controls both,

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Analyst on rising fuel prices: The government has three mechanisms to control

Fuel prices have risen again, primarily due to the escalation of tensions in the Middle East. The situation has worsened after U.S. President Donald Trump declared the Strait of Hormuz an American territory and threatened severe penalties against countries supporting Iran. The United States announced the harshest sanctions yet, prompting Iran to claim such actions would violate international law. Energy expert Ivica Jakić discussed these developments with RTL, explaining that the government’s decision to set fuel prices weekly indicates the instability of the current situation. He noted that a single statement by the U.S. president can influence stock market prices, confirming the direct link between oil prices and the Middle East crisis. Jakić stated that the government is monitoring the situation closely and will take measures to stabilize prices using available mechanisms, including floating taxes and adjusting VAT rates. He warned that fuel prices at highways are already significantly higher, up to 2.30 euros per liter for diesel, which compensates traders but heavily impacts small retailers who cannot freely set their prices. Jakić emphasized that the government controls both,

Bias read (Center): The article presents an interview with an energy analyst discussing the factors influencing fuel prices and potential government interventions. It provides balanced information without overtly favoring any political stance, focusing on economic and geopolitical factors rather than ideological orpart

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