Thursday, August 18, 2005
Petrol price rise sought
Oil giant Petrobart AVIA warned today that a seven-per-cent rise in the price of petrol could be needed as soon as September 9.
The company says that oil refineries in Serbia are already losing about 700,000 dollars a day because of the delay in price rises, and that new rises are already needed because of the strengthening price of crude oil.
In its statement the company said that the conditions for a price rise were already in place on August 9, according to the Regulation on Setting Oil Derivative Prices.
The last rise in petrol prices in Serbia was 11.85 per cent on July 9.
The company says that oil refineries in Serbia are already losing about 700,000 dollars a day because of the delay in price rises, and that new rises are already needed because of the strengthening price of crude oil.
In its statement the company said that the conditions for a price rise were already in place on August 9, according to the Regulation on Setting Oil Derivative Prices.
The last rise in petrol prices in Serbia was 11.85 per cent on July 9.
