The President of Lithuania, Gitanas Nausėda, has tasked his team with evaluating Belgium's experience in establishing a ceiling on fuel prices, determined daily based on objective factors such as crude oil prices. This initiative comes in response to rising fuel costs attributed to the conflict in the Middle East, prompting Lithuania to release oil and fuel reserves onto the market to alleviate the pressure on prices.

Nausėda emphasized that the feasibility of adopting the Belgian model in Lithuania is still under analysis by his office. If this model is deemed promising, discussions regarding its faster implementation will be held with the relevant ministries. Other countries, including Hungary and Croatia, have already implemented fuel price ceilings, but Nausėda pointed out that their models might not be sustainable for Lithuania due to the significant subsidies required, which would burden the national budget.

Overall, this consideration reflects Lithuania's proactive approach in addressing fuel price surges while also weighing the economic implications of any potential solutions. By looking into the Belgian model, Lithuania seeks a more stable solution that could buffer its citizens from volatile fuel prices without overextending its fiscal capabilities.