From March 1, the consumption of oil derivatives in Serbia has dropped by about 10 percent, while the drop in sales at gas stations is about 12 percent, said Tomislav Micovic from the Association of Oil Companies of Serbia, Beta agency reported.
“At these prices, crude oil producers do not have money for investments, and the question is whether the oil economy will be able to meet the demands of consumption in the future,” said Micovic.
He said at the round table “Energy Transition and Covid 19” in the Serbian Chamber of Commerce that the current supply of the market with petroleum products in Serbia is completely stable.
Micovic said that Serbia has enough oil derivatives to satisfy the needs of the economy and citizens, but that obligatory reserves should be created.
He also stated that the price of crude oil has not changed, as well as that the costs of oil companies are stable, so there is no reason to change the price of fuel.
The President of the Energy Council, Nikola Rajakovic, said that the consumption of energy in industry, the administrative-commercial sector was reduced, but that it was increased in households.
Speaking about the complete transition to renewable energy sources, Rajakovic pointed out that a transitional period is necessary in which fossil fuels would be phased out, and it implies increased energy efficiency.
According to the SEEPEX electricity exchange, electricity consumption in Serbia fell by two to three percent in industry during March and April, while in Europe the decline was much larger, said its representative Dejan Stojicevski, Nova Ekonomija reports.
