Fuel prices in Montenegro

Maximum retail fuel prices

by Increment TECH

Eurosuper 98

0.05
1.63 1.58 EUR/l

Eurosuper 95

0.04
1.59 1.55 EUR/l

Eurodiesel

+0.06
1.65 1.71 EUR/l

Heating oil

+0.03
1.84 1.87 EUR/l

Valid from:

Next calculation: (in 3 days)

Source: Ministry of Energy and Mining

The Ministry of Energy and Mining sets maximum retail fuel prices based on international market prices, exchange rates, taxes, and regulated margins.

How fuel prices are set in Montenegro

Fuel prices in Montenegro are regulated by the government. The Ministry of Energy and Mining calculates and publishes maximum retail prices for petroleum products. Gas stations may charge less than the maximum, but never more. Montenegro has no domestic oil production: all fuel is imported.

Regulated fuel types

The government regulates prices for four fuel types: Eurosuper 98, Eurosuper 95, Eurodiesel, and Heating oil. Premium fuels with additives are priced on a market basis. Liquefied petroleum gas (LPG) is also not covered by price regulation.

What makes up the price per liter

The maximum retail price per liter is composed of:

  • Import price: based on average international market quotations (Platts CIF MED Genova/Lavera), converted from USD to EUR at the average exchange rate
  • Excise tax: amount depends on the fuel type
  • VAT: 21%, applied to the total amount
  • Costs and margins: regulated amounts for import, storage, distribution, and retail

Pricing cycle

The Ministry periodically recalculates maximum prices based on average international market quotations and exchange rates for the calculation period. New prices take effect the following day.

Legal basis: Law on Energy ("Sl. list CG" No. 5/16, 51/17, 82/20)

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