The Government of the Federation of Bosnia and Herzegovina (FBiH) has sanctioned a 3.99% increase in the wholesale price of natural gas, set to take effect on January 1, 2026. This decision is part of a broader response to rising international energy costs and aims to adjust the pricing structure for distribution companies.
The new wholesale price will rise to €422 per 1,000 cubic meters, up from approximately €406. This adjustment was recommended by the Federal Ministry of Trade and is attributed to an increase in international oil and petroleum product benchmarks. Additionally, the pricing coefficient applied by Gazprom Export, the primary external gas supplier for Bosnia and Herzegovina, has increased by nearly 4% compared to the previous quarter.
Despite these adjustments, Energoinvest Sarajevo has opted to absorb an additional cost of about 0.8%, which is intended to alleviate some financial pressure on distributors, businesses, and household consumers. This strategic choice reflects a commitment to maintaining stability in the market as transportation costs have also risen toward the end of 2025.
It is important to note that this wholesale price adjustment does not guarantee an automatic increase in retail prices for consumers. Changes at the retail level will depend on decisions made by distribution companies and approvals from relevant regulatory bodies within the Federation. Distributors are expected to analyze the impact of this new wholesale pricing before considering adjustments to regulated tariffs.
At the beginning of 2024, the wholesale gas price was approximately €443 per 1,000 cubic meters. Throughout 2025, there were four reductions in this price, which helped mitigate cost increases for consumers amid ongoing market volatility.
Federal Minister of Energy, Mining and Industry Vedran Lakić commented that this adjustment reflects higher export prices from Gazprom that will be applicable in 2026. He emphasized the necessity for diversifying supply routes, highlighting the planned Southern Gas Interconnection as a strategic priority. Lakić also noted that this latest increase is less than the cumulative reductions seen over the past three billing periods, expressing optimism that it will not significantly impact living standards.
