Srbijagas Director, Dušan Bajatović, revealed to RTS that industrial gas prices will drop by 15% starting May. In discussions within the Serbian Government, particularly in the Ministry of Finance and the Ministry of Energy, the decision was reached to discontinue gas subsidies by the Government and Srbijagas’ credit borrowings.
Bajatović emphasized that this move comes after years of implementing a costly social policy, which exceeded a billion dollars, aimed at safeguarding consumers, industries, and jobs. Bajatović noted that the absence of additional gas quantities, which were previously more expensive than long-term contracts negotiated by Russian and Serbian presidents, Vladimir Putin and Aleksandar Vučić, works in Serbia’s favor.
“This sets the stage for reduced gas costs for industrial usage and those on the open market. Business owners can anticipate a 15% reduction, starting in May,” Bajatović stated, adding that the impact will reflect on June’s billing cycle.
