Gas price to go up by 10% in November

The director of Srbijagas, Dušan Bajatović, said today that the second gas price increase this year will be up to 10 percent and that it will take place November 1.

He added that the exact figure will be known next month. Bajatović also said that the gas price will rise from 43 dinars per cubic metre to 47 dinars and that, if a household consumes on average 400 cubic metres a month, their gas bill will go up by 1,200 dinars on average during the heating season.

“The International Monetary Fund asked for a 10 percent hike, but Srbijagas’ calculation show that it can be a little less, then we will not act in the detriment of customers, but only to maintain the liquidity of Srbijagas so that supplies can be financed. If it is more than that, the Serbian government will bear the cost,” Bajatović added.

He pointed out that the gas price increase from November 1 depends on two things.

“It depends on the price on the stock market at which we can buy it and, possibly, how much money Srbijagas needs to pay back the five- and seven-year loans. The price increase will certainly not exceed 10 percent,” Bajatović underlined.

According to him, Serbia will have about 700 million cubic metres of gas in stock.

“We have close to 400 million cubic metres in Banatski Dvor gas storage, while our storage in Hungary is currently being filled. We also have about 300 million cubic metres in the Russian part of the Banatski Dvor storage,” added Bajatović.

He concluded that even if the coming winter is very cold, with temperatures of -20 degrees Celsius, Serbia will have enough gas to cover heating needs.

(RTV, 09.08.2023)

This post is also available in: Italiano

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