Fuel prices up 12.48 percent

After several delays, the prices of fuel in Serbia have today been increased 12.48 percent on average. A liter of lead-free gasoline now costs RSD 108.13, from RSD 101.49. Fuel prices up 12.48 percent Drivers will have to pay RSD 94.19 per liter of diesel D-2, while euro-diesel has reached the price of RSD 103.19. aretaker government Trade and Services Minister Predrag Bubalo said today that the fuel prices had to go up, even if the decision would clearly add to the inflation, while the state decided against lowering the much criticized excise duty for oil and oil products, since that would bring the state budget "deep in the red". AD Nafta association chairman Nebojsa Atanackovic, however, disagreed, and told B92 that the government should have slashed the excise, "at least in order to appear" not to be profiteering off the oil prices. A decree adopted by the cabinet determines that the domestic prices of fuel will be harmonized with the global prices of oil and the U.S. dollar exchange rate once every two weeks. The previous fuel hike happened on May 7, and amounted to 5.25 percent on average. Globally, oil has been breaking historic records topping USD 130 per barrel recently, which is a 300 percent increase compared to five years ago. Drivers are unhappy (Tanjug)

Fuel prices up 12.48 percent

Drivers will have to pay RSD 94.19 per liter of diesel D-2, while euro-diesel has reached the price of RSD 103.19.

aretaker government Trade and Services Minister Predrag Bubalo said today that the fuel prices had to go up, even if the decision would clearly add to the inflation, while the state decided against lowering the much criticized excise duty for oil and oil products, since that would bring the state budget "deep in the red".

AD Nafta association chairman Nebojša Atanacković, however, disagreed, and told B92 that the government should have slashed the excise, "at least in order to appear" not to be profiteering off the oil prices.

A decree adopted by the cabinet determines that the domestic prices of fuel will be harmonized with the global prices of oil and the U.S. dollar exchange rate once every two weeks.

The previous fuel hike happened on May 7, and amounted to 5.25 percent on average.

Globally, oil has been breaking historic records topping USD 130 per barrel recently, which is a 300 percent increase compared to five years ago.