Government of Federation decided on the Wholesale Price of Gas

March 14, 2019 10:00 AM

The Government of the Federation of Bosnia and Herzegovina (BiH), at the session in Sarajevo, adopted a Decision by which it did not give its consent to the wholesale price of natural gas.

In January 2019, BH GAS Sarajevo submitted a request to the Federal Ministry of Commerce seeking to increase the wholesale price of gas to distribution companies by 31.31 percent, ie from 495 BAM to 650 BAM / 1,000 SM 3, and to apply a new price from January 1st, 2019. In accordance with the prescribed legal procedure, the Federal Ministry of Energy, Mining and Industry delivered an opinion on the request.

This ministry argued that there are reasons to increase the price of natural gas, and that the proposed increase in wholesale price by 31.31 percent, with all the negative socio-economic aspects, will also affect the reduction of natural gas consumption in the Federation of BiH and , ultimately result in an additional increase in the price of this fuel.

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