State of crisis over oil and petroleum products remains in force until October 20

The Government has decided to extend the state of crisis due to the possibility of disruptions in the supply of oil and petroleum products. This measure will be in effect from July 21 until October 20.

According to the government announcement, the extension of this state creates an opportunity for faster intervention should supply difficulties arise or if prices on international markets increase significantly.

“The purpose of this decision is for the Government to have an appropriate legal mechanism for a swift and efficient response, aimed at maintaining supply stability, mitigating the consequences of potential market disruptions, and protecting the interests and living standards of citizens and the economy,” the Government’s press service said in a statement.

Once aligned through government procedures, the decision will be submitted to Parliament for consideration and approval, in accordance with legal powers.

The Government’s press service said that institutions will closely monitor developments in domestic and international energy markets. Should the situation require it, the Government will take appropriate and timely measures to ensure a secure, stable and uninterrupted supply of oil and petroleum products.