Gasoline and diesel retail prices plummet by 3.5 and 4 denars per liter respectively as of Monday midnight, the Energy Regulatory Commission (ERC) has decided.

The new price of EUROSUPER-BS 95 is Denar 77 per liter, EUROSUPER BS-98 is Denar 78.50.

The new price of EURODIESEL (D-E V) is Denar 65.50, extra light household fuel (EL-1) is sold for Denar 54.

The price of crude oil (M-1 HC) drops by Denar 3.179 and now stands at Denar 39.548 per kilogram.

Today's alteration of prices comes as a result of last week's surge. Last Wednesday, retail gasoline prices increased by 3.58%.

ERC determines gasoline prices based on oil prices on global markets and the dollar-euro ratio in the past fortnight. In the past couple of weeks, oil prices constantly drop on global markets.