Oil
The Serbian government has no reason to raise fuel prices at this time, because the crude oil was not purchased at current prices, but at $60 per barrel, a professor of the FEFA faculty in Belgrade, Goran Radosavljevic, stated on March 5.
“At this time, there is not a single reason for prices of derivatives to go up. The Serbian Oil Industry (NIS) is buying crude oil twice per year and the current crude prices of over $80 per barrel have no link with the prices of derivatives made from crude that was purchased earlier and which are now sold at gas stations,” Radosavljevic told BETA.
“Unfortunately, we frequently witness a situation that, when crude prices grow, the state immediately raises the prices, but when they fall, excuses are made for not lowering the prices of derivatives. That is usury,” Radosavljevic stated, adding that derivatives’ prices were not lowered either when the price of crude dropped, or when the dollar lost 20% of its value.
According to Radosavljevic, fuel prices in Serbia are so high that there is room for their lowering, except by small gas station operators who already work with small profit margins.
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