In BiH, at most gas stations falling fuel prices

At most gas stations in FBiH by the beginning of next week, the price of oil and petroleum products will fall by five pfennig, and a similar trend is expected to pump in Rs.

Otherwise, the fuel pumps in the RS compared to what the FBiH on average cheaper by about 10 pfennig, and entity distributors announce that the new year could become cheaper for another 10 pfennig.

Lejla Glibo, senior advisor in the sector prices in the FBiH Ministry of Commerce, said that the request for reduction of fuel prices now filed a little more than half of the vendors in the Federation, and that this request for a price adjustment applies to diesel and gasoline.

"Among the major distributors who have applied for the reduction of fuel prices are" Energopetrol "INA and HIFA," she added Glibo.

She pointed out that the average price of gasoline and diesel at the pump in a lot of FBiH after this new reduction nearly equalize, that is for diesels now averaging necessary to allocate 2.36 KM and gasoline 2.35 KM.

In this ministry stated that the recent price reduction a result of falling refinery price, thereby creating the conditions for a reduction in retail.

Ljubo Stevic, secretary of the Association of Gas Station Owners RS said that until the New Year at the pump in RS fuel prices will fall by around 10 pfennig.

"Without the great influence of price fluctuations on the world market before the New Year oil and its derivatives always cheaper," he said.

In addition, he said Stevic, it is certain that the fall in prices at the pump associated with a reduction of prices on the world market.

On Friday, the "Nestro Petrol" for a liter of super plus 98 was required to pay 2.38 KM, BMB 95 cost 2.29 hp diesel Euro 4 cost 2.32 hp, and diesel Euro 5 2.37 KM.

We remind you that the price of crude oil on world markets in recent months have fallen by more than 20 percent.

By comparison, two months ago, a barrel of oil on the London Stock Exchange has cost a little over $ 100, while the New York Stock Exchange cost 95. By comparison, Friday's price of a barrel on the London Stock Exchange was $ 86, and New York $ 81.24.

World experts believe that the US and Europe demolition oil prices by increasing production in the US and allies of the West, such as Saudi Arabia, they want to harm Russia, where the whole economy is based on oil and gas.

West hopes to thereby weaken Russia and to leave the hard positions on the issue of Ukraine.

In addition, experts agree that a decline in the global oil market is due to the fall in economic activity in the European Union and the possibility to re-enter recession. Also, the higher price of oil is not going to hand and that slows down the economic growth of China, a country that has one of the largest oil consumer in the world.