If the excise duty doesn’t change, fuel prices will go up to 200 dinars per litre

The prices of oil derivatives are continuing to rise and, according to experts Nebojsa Atanackovic and Tomislav Micovic, this trend may continue in the future.

Compared to the regional countries, the prices of Euro diesel are the highest in Serbia. Yesterday the price of Euro diesel in Serbia reached 185.9 dinars per litre, and if this price trend continues, it will reach 200 dinars per litre.

This can be attributed to the growth of prices on the global market where, in only one day, the price of a barrel of crude oil has risen from 87 to 90 dollars, which is the highest price in the last seven years. Prices of oil products on the world stock exchanges have increased over the past year because the OPEC countries do not want to significantly increase production which keeps the prices high.

“It is obvious that we depend on the global market. Serbia cannot produce enough electricity for its needs, let alone enough oil derivatives,” says Nebojsa Atanackovic, president of the Union of Employers of Serbia. As Atanackovic explains, the crude oil exchange is the most unstable and unpredictable of all exchanges, and events such as the tension between Ukraine and Russia are sure to have an impact.

“Further price growth can be expected, which will not happen suddenly but gradually,” he says. The only condition for oil product prices to fall is for the government to reduce the excise duties. “Precisely because of the low excise and taxes of 17%, prices of oil derivatives in neighbouring Bosnia and Herzegovina are lower than in Serbia. Namely, Euro diesel is cheaper by 31 cents, while the prices of BMB 98 and BMB 95 petrol are lower by 25 and 22 cents respectively,” he adds.

(Nova, 03.02.2022)



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