BUSINESS

Republika Srpska Government determined Margin on Oil Derivates

The government of Republika Srpska has passed a decree on determining the margin that is applied when forming the prices of oil derivatives, the RS Ministry of Trade and Tourism announced on Friday.

The decree, as explained in the announcement, determines the existence of conditions for prescribing measures of direct price control on the territory of RS by determining the maximum amounts of margins that are applied when forming the prices of petroleum products.

”The Decree in question prescribes a maximum wholesale margin in the absolute amount of 0.06 BAM per liter of derivatives to traders who perform the activity of wholesale of petroleum products, while a maximum retail margin in the absolute amount of 0 is prescribed to traders who perform the activity of retail trade in petroleum products, 25 BAM per liter of derivatives,” it is added in the announcement.

Inspection supervision over the application of the Decree, as added in the announcement, will be performed by the Republic Administration for Inspection Affairs through the Republic Market Inspector and Market Inspector in local self-government units, in accordance with the authorizations prescribed by the Law on Price Regulation and the regulation governing inspection supervision.

Nezavisne reminds that having determined that there are conditions for prescribing a measure of direct price control in the Federation of Bosnia and Herzegovina, the FBiH Government on Thursday passed a Decision setting maximum margins in trade for petroleum products (calculated prices).

”Companies that perform the activity of wholesale trade in petroleum products are prescribed a maximum margin in the absolute amount of 0.06 BAM / liter of derivatives, those that perform retail trade in petroleum products are prescribed a maximum margin in the absolute amount of 0.25 BAM / liter of derivatives,” the FBiH Government explained yesterday.

The FBiH Government has announced that it will notify the FBiH Parliament of these decisions within 15 days of their entry into force.

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