The fuel price crisis following the US-Israeli attack on Iran has affected the whole world, and countries in the region have chosen to react in different ways.
While there is still no concrete reaction in Bosnia and Herzegovina, in Croatia a decision was made to limit the prices of petroleum products at gas stations.
There is an initiative in Bosnia and Herzegovina to reduce or temporarily abolish VAT on the import of petroleum products for a certain period, but concrete steps in this direction are still pending.
According to the assessment of the Agency for Hydrocarbons, without government intervention, fuel prices would have risen significantly already on Tuesday. Calculations show that a liter of diesel would be 24 cents more expensive, while gasoline would be nine cents more expensive.
Such an increase in prices would also affect the costs of drivers. Filling an average tank of 50 liters of diesel would be more expensive by almost 12 euros, while for the same volume of gasoline, approximately four and a half euros more should be allocated.
On the other hand, at an extraordinary session, the Government of Serbia made a decision to ban the export of oil and all oil derivatives for engine power, the Ministry of Mining and Energy of this country announced.
“The ban applies to the export of diesel, gasoline and crude oil by all modes of transport until March 19, after which we will make further decisions. The essence of this ban is to protect the domestic market from shortages and price spikes, and due to global disruptions in the market,” said Minister of Mining and Energy Dubravka Đedović Handanović.
Apart from BiH, the authorities in Montenegro are also still without reaction, and in this country they are warning of huge problems that could soon arise due to this crisis.
More precisely, the Association of Oil Companies of Montenegro says that there is a serious risk of interruption of fuel supply in that country because the supplier’s prices, especially Eurodiesel, are 30 percent higher than the current prices.
“Today, fuel on the domestic market is sold at prices that are up to 30 percent below the prices on the stock exchanges, which means that companies are operating at a net loss,” the Association stated.
Montenegrin media reports that some pumps in Montenegro have already run out of fuel, and that most of them will be in trouble tomorrow, writes Klix.
