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The price of oil on the world market, practically, has been going up since the beginning of the year and the barrel of “Brent” has not dropped below 80 dollars. At the beginning of the year, the price of a barrel ranged between 80 and around 84 dollars, and yesterday that quantity cost around 87 dollars.
It cannot be said exactly how the price of oil will move on the world market, and thus the fuel on the local market, but it is estimated that there will be an increase in consumption on the global market, so it is possible that the price of oil will go up.
As for the price of fuel at gas stations in Serbia, there are no major changes, so a liter of unleaded gasoline requires about 1,4 euro, while a liter of Euro-diesel costs about 1,5 euros. According to the words of the Secretary General of the Association of Oil Companies of Serbia, Tomislav Mićović, due to the changes in the price of oil, one should not expect changes in the price of fuel on the domestic market.
– The current changes in the price of oil are not great and should not affect the price of fuel at gas stations – says Mićović. – Of course, the price of oil significantly affects the price of fuel in local markets, but it is not the only factor, ie it is influenced by other parameters that are changing.
He notes that the price of fuel at domestic gas stations could be due to the increase in excise duties, ie the harmonization of excises with the consumer price index.
– In the past year, the consumer price index was 7.9 percent, which means that, in accordance with the Law on Excise Duties, there will be a harmonization of excise duties on fuel, ie that they will increase by that percentage. With a percentage increase of 7.9 percent, a liter of fuel should increase in price by about five dinars. Namely, excises will be higher, and when value added tax is calculated, the total fiscal obligation will be about 0.05 eurocents higher. However, for now, it is not known when the increase in excise duties, and thus the price of a liter of fuel, could occur because there were cases when excise duties were increased only in the middle of the year – says Mićović.
Consumption is growing
– Last year, fuel consumption in Serbia was higher than in 2019, and we should expect this trend to continue, as a result of growth in the economy and transport and traffic in general – said Tomislav Mićović. – The market is well supplied, producers and distributors have responded to all the demands and needs of the market and will continue to do so in the future.
According to him, this year, fuel prices could be affected by new circumstances, ie the application of two previously adopted regulations – related to the share of bio components in fuel and the formation of operational reserves. That, Mićović pointed out, will increase the costs of companies, and if they are transferred only to them, they will be transferred to the price of fuel.
– In the period from July to the end of this year, all energy entities that place fuel on the market will have to have 0.5 percent of bio components in the fuel. That percentage will increase from year to year until the share of energy from renewable sources in transport reaches nine percent. In addition, operational reserves must be formed from July, which are the quantities of fuels that correspond to the four-day average amount of fuels that companies have been putting on the market for the previous three years. And operating reserves must increase every year – until the ten-day average sales in the previous year are reached, Dnevnik reports.
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