The jump in gas prices on the world market is the result of low temperatures during March and April this year, accidents in gas storage facilities in Russia and delays in the construction of North Stream, but these circumstances will not affect the change in gas prices in Serbia, because there is a long-term contract with Gazprom,” said the special advisor to the Minister of Mining and Energy, Zorana Mihajlovic, Petar Stanojevic.
Stanojevic said that European warehouses were empty due to the winter, which lasted longer, and that the accident in Russia affected the reduction of deliveries.
“The quantities of gas were not enough and the price jumped from 220 to 580 dollars per thousand cubic meters, but that will not affect the price of energy in Serbia, because there is a ten-year contract with” Gazprom” which is valid until the end of this year,” Stanojevic said.
By the way, he stated, the price of gas depends on the geopolitical situation, which dictates the movements on the European and world market, and that the formation of the price for next year in Serbia will depend on negotiations between Srbijagas and Gazprom, while gas prices are expected to be in decline on the world market by in October.
“The formation of prices of oil and oil derivatives on the world market largely depends on the decisions of OPEC and OPEC Plus, according to whose quotas the offer is determined and the price is formed, and the current price of crude oil is lower by several dollars per barrel, which also affects lower the price of fuel in Serbia,” Stanojevic explained.
He added that the price dropped from 75 to 65 dollars, mostly due to the announcement by the USA that it would stop stimulating its reserves.
“Consumption in Serbia has increased by 3.4 percent compared to the record 2019, and a 1.5 percent jump in the price of gasoline shows that people are traveling, while a jump in the price of diesel by 3.4 percent shows that we have serious economic activity, which it also proves an increase in the price of road bitumen of 10 percent,” Stanojevic pointed out.
On this occasion, the advisor to the minister said that the consumption of kerosene is lower, because the air traffic has not yet fully recovered from the pandemic, adding that in the next period, Serbia is expected to record an increase in consumption in this segment, Dnevnik reports.
