"If the black oil
is subsidized, the period of heating, sowing and growing should start earlier so that produces can be sold to the European and world market on time, generating income.
In Black Oil
, the industry declined by 1.6 percent, whereas the White Oil industry declined by 1.9 percent.
In their view, this is going to deal yet another blow on the Macedonian agriculture following the enormous increase in the black oil
Despite the companys market share in the Black Oil
and White Oil segments stood at 82.2 percent and 54.7 percent, respectively contributing to an overall market share of 68.4 percent, the official said.
In the period under review, industry's volumes for Black Oil
reduced by 8%, whereas, White Oil grew by 4% reflecting an increase in PMG consumption of 22% while a decline of 1% was recorded in HSD demand.
Asked whether the Government would make black oil
intervention, Stavreski said interventions had been made wherever possible.
Industry consumes 81,000 tons of black oil
or 26,000 tons of extra light fuel a year.
Despite financial challenges and economic slow down, PSO maintained its leadership in the White and Black Oil
market segments with market shares of 55.3pc and 88.2pc respectively.