Serbia, Gas prices will rise at least once this year, probably twice, News
Gas prices will rise at least once this year, probably twice, General Director of Srbijagas Dušan Bajatović announced at the Kopaonik Business Forum, adding that the increase will apply to both citizens and businesses.
The incoming gas price increase is due to Srbijagas selling gas on the domestic market at a significantly lower price than the price at which it buys it from suppliers, said Bajatović.
The need to increase energy prices in Serbia is a move that is also backed by the head of the IMF mission to Serbia, Donald McGettigan.
According to him, energy prices in Serbia are low and the sector needs reform, he added.
Under an arrangement Serbia struck with the IMF that is worth €2.4 billion, Serbia must raise electricity and gas prices another three times this year after it did so in January.
According to the IMF, the gas price increase should be “at least” 10%, while that of electricity should increase by at least 8%.
The IMF also approved a total of $800 million for the needs of Srbijagas, which according to Bajatović is not enough.
Sign up for business updates & specials.
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials, the advantages of Serbia as materials supplier
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- February 28, 2023 Serbian exploitation miner Belkalhan could become EU primary supplier of Graphite critical raw material
- February 28, 2023 Calcite/calcium carbonate premium quality supplier from Serbia opening supply contracts for 24,25, pharmaceutical/chemical/food processing industry opportunity for JV
- February 16, 2023 Serbian Belkalhan calcite & graphite mining developer invites JV partners for joint critical raw materials exploitation
- February 15, 2023 Petroprocess to modernize EPS power plant CEMS system with state of the art equipment
- March 31, 2023 Serbia: Farmers’ associations are dissatisfied with the way in which the eAgrar system is implemented
- March 31, 2023 Serbia, Export growth in February 14.9 percent compared to the same month in 2022
- March 31, 2023 Serbia, New toll prices apply from tomorrow