Retail prices of oil products will go up between HRK 0.19 and 0.33 per litre, and the price of the best-selling petrol, Eurosuper 95, will be at a new record-high level of HRK 10.77 per litre, while the price of Eurodiesel will for the first time exceed HRK 10 and be at HRK 10.18 per litre, according to information from the Economy Ministry.

The ministry on Monday published the maximum allowed retail prices of oil products for the period from March 6 to 19, and according to the ministry information, as of Tuesday, prices of motor fuels will be 0.31-0.33 kuna higher, while prices of diesel fuels and heating oil will go up between HRK 0.19 and 0.24.

Since oil companies generally follow the highest allowed retail prices, as of midnight prices of oil products will go up by an average three percent, reaching a new, record-high level.

As of tomorrow, fishermen and farmers will pay HRK 6.54 per litre for blue-dyed diesel, an increase of HRK 0.19.

The latest rise in prices of oil products was expected given an increase in prices of oil products on the Mediterranean market and the fact that the VAT rate in Croatia increased from 23 to 25 percent on March 1.

Prices of oil products can be changed every two weeks, and price correction depends mostly on the movement of prices of oil products on the Mediterranean market and the US dollar exchange rate. Prices can be changed downward or upward by a maximum three percent.

Prices of motor fuels have been going up for the seventh accounting period, since December 2011, while prices of diesel fuels have been going up since the start of this year.

Compared to prices in mid-December, as of Tuesday, the price of Eurosuper 95 will be about 13 percent higher. The price of Eurodiesel has gone up about 8 percent since the beginning of this year.