Fuel (Pixabay)
A government decision to administrate the prices of oil derivatives has been implemented for much too long, and may cause a market disruption, the secretary general of the Association of Serbian Oil Companies (UNKS), Tomislav Micovic, said on June 27.
“Administrating the prices of oil derivatives makes sense if it doesn’t take longer than a month or two. It’s been four and a half months since the measure was introduced, which may create disruptions in the energy supply,” Micovic said to BETA.
The ordinance regulating the prices of oil derivatives expires on June 30, and it’s not clear if it will be extended or not.
Micovic said that for quite a while the prices could not cover the cost of oil imports, and that it’s important to take care that in setting the maximum price the red line was not crossed to threaten market supply.
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