Minister convinced fuel prices in Serbia won't rise because of attacks in Saudi Arabia

The price of derivatives at gas stations in Serbia will not rise in the first days after the terrorist attacks in Saudi Arabia, Energy Minister Aleksandar Antic is convinced.

He said that recent developments in Saudi Arabia have certainly at first caused "a significant rise in crude oil prices in the global market", and that it remains to be seen how that will further affect the price and supply.

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"There is no dilemma that Serbia, as a country that depends on imports when it comes to crude oil, is deeply dependent on the price of crude oil in the global market. However, we should now wait for the stabilization of the market, which is certainly happening, and see in the coming days how these events will affect the price in our country," Antic told reporters.

"You saw that the price of crude oil go up by about 20 percent, but after that there was a slight drop. So today the price of crude oil is about ten percent higher than before this terrorist attack," Antic said.

He stressed that he expects manufacturers, traders and importers to approach this situation absolutely professionally and "treat this peak as any other peak, so there's no additional nervousness there that would create a rise in the prices of derivatives."

(Telegraf Biznis/Tanjug)