During a press briefing on Tuesday, the Prime Minister addressed concerns regarding the potential reduction of the diesel excise duty, linking the discussion to the ongoing geopolitical tensions in the Hormuz Strait. When questioned about the necessity of such a reduction, the Prime Minister stated that the government is closely monitoring the evolving situation. He expressed hope that the recent increases in fuel costs are temporary, assuring journalists that if the rise in prices proves to be a long-term trend, the government will take appropriate action.
The comments followed a period of heightened market volatility, as evidenced by data released by the Lithuanian Energy Agency (LEA). According to the agency’s figures for Tuesday, the average cost of diesel at local gas stations had increased by 5.7%, while the average price for petrol rose by 4.7%. Specifically, diesel prices fluctuated between 1.73 euros and 2.09 euros per liter, and petrol prices ranged from 1.66 euros to 1.95 euros per liter.
The Prime Minister emphasized that the government remains focused on assessing the overall impact of the current geopolitical situation on the nation’s energy supply. He reiterated that while the administration acknowledges the criticality of the situation, its policy response regarding fuel taxes will be dictated by the persistence and duration of the elevated prices.
Topics: #situation #fuel #prices
