In light of persistent volatility in global energy markets, the Montenegrin government has announced an extension of its temporary reduction in fuel excise duties. This decision, aimed at alleviating consumer pressure as oil prices remain high due to geopolitical tensions, is a continuation of measures first implemented on March 24. Originally scheduled to conclude this week, the relief will now be in effect for an additional five weeks, as confirmed by the Ministry of Energy.
The new expiration date for the policy is set for May 26, reinforcing the government’s strategy to mitigate the effects of fluctuating global fuel prices on local consumers. Under this initiative, excise duties on eurodiesel have been halved, and taxes on both eurosuper 95 and eurosuper 98 gasoline have been reduced by 25 percent. These measures are designed to curtail the immediate impact of rising international oil prices on domestic fuel costs.
The extension of these tax reductions reflects ongoing uncertainty in global supply dynamics. Montenegrin authorities emphasize the importance of maintaining price stability, aiming to shield households and businesses from potential further increases in energy costs. This proactive approach underscores the government’s commitment to navigating current market challenges while ensuring economic stability for its citizens.
