Eurodiesel prices in Herzegovina are seeing daily increases, a direct result of new spikes in oil prices on global markets. The price hike at petrol stations in western Herzegovina is due to renewed disruptions on key global oil and shipping routes, which have triggered market dynamics.
In Bosnia and Herzegovina, there are no government measures to cap fuel prices, so the market is left entirely to market forces. Despite this, there are legally defined margins for margins. The maximum wholesale margin is 0.06 BAM (equivalent to 0.028 euros) per litre, while the retail margin is capped at 0.25 BAM (or 0.11 euros).
Previously, at the beginning of June, there was a temporary drop in fuel prices. This trend was the result of the US-Iran conflict and the closure of the Strait of Hormuz. During that period, prices fell below three convertible marks, with eurodiesel available for 2.80 BAM (1.43 euros) in some locations. By comparison, the same fuel cost 2.29 BAM (1.17 euros) prior to the outbreak of the conflict.
The situation on the ground has changed drastically. Eurodiesel is currently available at a price below three convertible marks in only two locations. In Livno, for example, a litre of diesel costs 2.95 BAM (1.51 euros), indicating that the local market is quickly adapting to global price trends.
