While waiting to see if NIS pumps will continue to work in 51 places, residents of the border towns are not worried about it - anyway, they buy much cheaper fuel across the border
With the cessation of operations of the Pančevo Refinery, Serbia is forced to import fuel, which will certainly increase in price as a result. The only question is to establish market prices in retail, or the state will give up its profit for political reasons
"Petrochemistry will stop when it runs out of primary gasoline stocks, which is probably soon. All other branches of the economy and citizens will have problems if we have to rely entirely on imports and the consumption of reserves, because the price of fuel will rise, and thus inflation," warned energy security expert Petar Stanojević
Although Bulgaria did not formally nationalize Lukoil, it established state control over operations through a special administrator. Parliament voted this decision after stormy discussions and it cannot be challenged in court
The authorities of Aleksandar Vučić have not done anything on energy security for years, so they have wasted these ten months, as the sanctions against NIS were delayed, Vasko Kelić from the Center for Economic Research told Vreme. Now there are only bad options on the table
The price of gasoline at the pumps could increase by up to 30 percent in three to four months, if Serbia does not find a solution to the NIS sanctions, an energy analyst claims for "Vreme".
"For the first month, two or three, there are state reserves, so there will not be an immediate shortage of fuel in the supply chain. However, if this continues, there will be a shortage that can raise the price of fuel," says energy expert Željko Marković
The escalation of conflict in the Middle East has shaken the world oil market. Will fuel prices skyrocket?
The government brought new prices that are valid this week, so a liter of Euro diesel is 192 dinars, and a liter of BMB Europremium gasoline will be 179 dinars.
The Serbian oil company NIS is struggling to get oil from traders abroad. In Serbia, its former clients are looking for alternative fuel suppliers because US sanctions pending activation have already affected business, sources familiar with the situation told Reuters.
"If he doesn't find a bank that wants to do business with him, closing the account means that NIS would stop working," economist Goran Radosavljević told Vreme.
After a traffic accident involving a tanker, the population gathered to collect fuel from the collapsed tanker and then the explosion occurred
Whether through Macedonia, whether to Montenegro, Croatia or Bulgaria... Fuel is much cheaper everywhere than in Serbia.
In Serbia, the new amounts of excise duty are applied from today. Oil derivatives, biofuels, alcohol, tobacco, coffee and natural gas for final consumption have gone up in price
The new amounts of excise taxes adjusted to last year's inflation of 7,6 percent will be valid from May 1. However, it is not yet known exactly how much the price of fuel, tobacco or coffee will increase
Serbia's agricultural budget has never been bigger, but it is being eaten up by corruption and ignorance, former provincial secretary of agriculture Goran Ješić writes in an author's text for "Vreme"
For the next seven days, a liter of diesel will cost 214 dinars, and a liter of gasoline will cost 188 dinars
High excise taxes and the wrong Rulebook that calculates fuel prices are the two main reasons why they are so high in Serbia. For example, citizens of Bosnia and Herzegovina pay Eurodiesel for 171 dinars, gasoline for dinars more
From October 1st, new increased excise duties on petroleum products will come into effect. Who will bear the cost of the excise tax increase, consumers or oil companies
The price increase proposal includes, in addition to fuel and coffee, tobacco products, alcoholic beverages, as well as liquids for filling electronic cigarettes
The General Secretary of the Association of Oil Companies of Serbia, Tomislav Mićović, says that the state has the possibility, if something happens, to reduce excise taxes and thereby reduce the pressure on the price of fuel.
