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Sarajevo Times > Blog > BUSINESS > What does the new Fuel Price Increase bring?
BUSINESS

What does the new Fuel Price Increase bring?

Published September 10, 2023
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The announcement of a new fuel price of three marks per liter once again justifiably worried everyone. What will happen to food prices, knowing that flat-rate price calculations make everything more expensive, even what does not depend on transport. We justifiably asked – how can you announce an increase in the price of food that has already gone up once, when fuel was also more expensive last year, and product prices never fell.

The increase in fuel prices again caused the story that food is the next to rise, and all other products whose price includes transportation costs. Food prices are already at an extremely high level, so everyone is rightly worried that a difficult autumn awaits us.

JOVAN VASILIĆ, president of the consumer association “Zvono” of Bijeljina

“We expect that now, logically, as it always happens with us, there will be an increase in the prices of some products and installations, although because of that same fuel, no one remembered to lower the prices when the price was falling”.

Economists point out that sometimes the calculations of our traders and distributors are not clear.

VEDRAN JURIŠIĆ, economist at the Union of Trade Unions of the Republika Srpska

“Last year at this time, the price of fuel was almost 3.20 BAM, today the price is 15 percent lower. Here are the data on the prices of basic foods. Bread increased by 14 percent, milk by nine percent, eggs by as much as 29 percent, three foods increased by almost 20 percent, and then the price of fuel fell by 15 percent”.

What everyone rightly fears is that the analysis and economic calculation of the prices of food and other products will not be started, but that it will once again be a flat rate. And the citizens, as in previous months, have to master the art of survival, if they haven’t already.

The constant growth of the consumer basket does not leave the place optimistic either, where it can be seen that food is dominantly the biggest expense and that the price of, for example, only three items such as bread, milk and eggs compared to last year, has increased by more than 20 percent on average, BHRT reports.

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