Plenković: The government is ready to limit energy prices
Croatian Prime Minister Andrej Plenković announced the government's preparedness to limit energy prices amid the ongoing crisis in the Middle East.
On Tuesday in Koprivnica, Croatian Prime Minister Andrej Plenković addressed the potential impact of the ongoing crisis in the Middle East on energy prices in Croatia. He emphasized that the government is ready to introduce price limits on energy if necessary to protect citizens and the economy. Plenković recalled past government interventions in fuel prices, reinforcing their commitment to respond appropriately should an escalation in the crisis lead to rising energy costs.
The Prime Minister expressed his concern about the situation in the Hormuz Strait, indicating that the government is closely monitoring developments and will make necessary decisions based on the situation's evolution. He highlighted the potential for reintroducing subsidies if energy prices soar, reflecting a proactive approach to safeguarding the well-being of the Croatian population during these tumultuous times.
Moreover, Plenković discussed the planned removal of subsidies for gas and electricity prices, acknowledging that such reforms are currently on the table. This dual strategy of potentially limiting energy costs while considering subsidy adjustments demonstrates the government's balancing act between economic reforms and citizen welfare, amid uncertain international geopolitical circumstances.