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Regulatory Commission for Energy cuts fuel prices: petrol down 7 denars/l, diesel down 5.5

Regulatory Commission for Energy lowers retail fuel prices from midnight; average reduction 7.51 percent.

·Macedonia
Regulatory Commission for Energy cuts fuel prices: petrol down 7 denars/l, diesel down 5.5

The Regulatory Commission for Energy (RKE) decided today to lower retail fuel prices: petrol will fall by 7 denars per litre and diesel by 5.5 denars per litre, with the changes taking effect from midnight.

New official retail prices

Under the RKE decision the new retail price for Eurosuper BS-95 will be 86 denars per litre, Eurosuper BS-98 will sell for 88 denars per litre, and diesel will be priced at 94.5 denars per litre.

The retail price for extra-light heating oil (EL-1) is reduced by 6.5 denars to 103.5 denars per litre, while the price of mazut M-1 NS falls by 6.261 denars per kilogram to 49.312 denars.

RKE said the change amounts to an average reduction of retail prices of petroleum products of 7.51 percent.

The regulator noted that reference prices on the world market moved lower compared with the previous calculation: gasoline on average by 12.340 percent, diesel by 6.785 percent, extra-light heating oil by 7.834 percent, and mazut by 13.816 percent. The denar exchange rate against the dollar used in the previous calculation was lower by 0.5247 percent.

The RKE decision also applies the government measure reducing the VAT rate on the petroleum product eurodiesel to 10 percent, and the reduced excise amounts: 2 denars per litre for Eurosuper BS-95 and BS-98 and 4 denars for eurodiesel.

Photo: press material from the event

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