The state stood in the way of a big price increase fuel. Minister of Mining and Energy Dubravka Đedović Handanović she stated that fuel prices in Serbia were increased by three dinars per liter, although, according to trends in the international oil market, they could have risen significantly more.
As she said, according to market quotations diesel was supposed to increase in price by about 24 dinars per liter, while the price would petrol could be higher by more than ten dinars. The government, however, decided to limit price increases in order to ease the pressure on citizens and the economy.
According to her, the state reacted in order to preserve the stability of the fuel market at a time of increased global tensions and instability in the energy markets.
The minister said that "oil companies such as Mol, EKO, OMV and others import fuel to supply the market in Serbia at purchase prices that are now higher due to the closure of the Strait of Hormuz, through which 20 percent of all crude oil goes, and these companies cannot operate at a loss."
She stated that the state will take measures to protect the economy, which, she emphasized, is now under great pressure due to energy prices.
The Minister announced that the Government is considering additional measures in order to mitigate the consequences of rising energy prices and stabilize the market, and that the public will be informed about these measures in the coming period.
Source: Beta
