At the session in Sarajevo on Monday, the Government of the Federation of Bosnia and Herzegovina, on the proposal of the Federal Ministry of Trade, adopted a Decision on prescribing measures of direct price control by establishing maximum margin levels for petroleum products.
With this decision, the Government of the Federation of Bosnia and Herzegovina prescribed setting maximum margin levels for trade (calculated prices) as a measure of direct price control for petroleum products.
“This decision prescribes the fixed margin of 0.06 BAM per literof regular petroleum products to business entities engaged in the wholesale trade. Business entities engaged in the retail trade of these products were prescribed a fixed margin of 0.25 BAM per liter. “
“The prescribed restrictions do not apply to the sale of premium petroleum referred to in Article 15 of the Decision on the Quality of Liquid Petroleum Fuels, unless the wholesale and retail outlets exclusively trade in premium petroleum products,” stated the Government of the Federation of Bosnia and Herzegovina.
According to the statement, the decision will be implemented for 90 days after entering into force, while enforcement and monitoring of this decision fall under the responsibility of the federal and cantonal state inspections.
In the statements of grounds for adopting this decision, the proponent, among other things, explained that the Decision was aimed at mitigating the negative effects of energy market disruptions, protecting market stability, and protecting the living standards of citizens of Bosnia and Herzegovina.
Furthermore, it was noted that this approach ensures the consumer’s right to choose, the uniform application of regulations, and the facilitated inspection oversight.
