Montenegro's government raises price of fuels.

By bne IntelliNews October 26, 2011
The retail price of fuels in Montenegro has increased as of October 24, portalanalitika.me reported. The price of Eurosuper 98 rose to EUR 1.37 per litre, from EUR 1.34 per litre till now. The price of Eurosuper 95 and Eurodiesel has also been raised to EUR 1.34 and EUR 1.29 EUR per litre, respectively (up from EUR 1.31 and EUR 1.27, respectively). Fuel prices remain higher than the previously considered record 2008 levels due to currency movements and higher excise tax. We note that retail fuel prices in the country are adjusted every two weeks in line with changes of crude oil prices on international markets and exchange rate dynamics of the USD against the EUR.

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