Montenegro’s Ministry of Energy and Mining has warned that fuel prices are set to rise further, driven by the country’s reliance on imported oil derivatives.
The ministry stated that it is impossible to shield domestic consumers from the impact of global market fluctuations, particularly noting that diesel prices are expected to face the steepest increases in the upcoming pricing cycle.
The warning comes as international crude benchmarks remain volatile, keeping pressure on downstream refining margins and retail fuel costs across Europe.
While Brent crude had retreated to pre-war lows earlier in the year as shipping routes through the Strait of Hormuz normalized, recent geopolitical tensions and supply-side constraints have reignited upward pressure on energy prices.
For traders and investors, the development underscores the persistent sensitivity of European fuel markets to global crude dynamics.
With Montenegro fully exposed to import costs, the ministry’s forecast aligns with broader regional trends where diesel prices are tracking higher due to tight supply and elevated refining costs.
This mirrors recent estimates in neighboring markets, including Portugal, where diesel prices are also projected to jump significantly in the coming weeks.
The ministry indicated it would inform the public of the results of the next price calculation in due course.