Gasoline and diesel retail prices rise by Denar 1 per liter as of Monday midnight, the Energy Regulatory Commission (ERC) has decided.

The new price of EUROSUPER-BS 95 is Denar 79 per liter, EUROSUPER BS 98 - Denar 79.50, EURODIESEL (D-E V) - Denar 68.50, while extra light household fuel (EL-1) is sold at Denar 57.50.

The price of crude oil (M-1 HC) now stands at Denar 42.35 per kilogram.

The ERC says the new prices come as a result of the higher average price of crude oil at world markets and the lower US Dollar exchange rate in the past fortnight.