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

Under the decision, refinery and retail prices of oil derivatives increase by 5.56 i.e. 4.14%.

The new price of EUROSUPER BS-95 is Denar 84 per liter, EUROSUPER BS-98 - Denar 85.5, and EURODIESEL - Denar 74.5.

The retail price of extra light household fuel (EL-1) is increased by Denar 2.50 per liter and is sold for Denar 63.

The price of crude oil M1-HC is also upped and now stands at Denar 47.934 per kilogram.

The ERC says the new prices come as a result of higher prices of crude oil at world markets and the Denar-US$ exchange rate in the past fortnight.