Serbia may soon begin phasing down its temporary fuel tax relief measures introduced during the energy crisis, President Aleksandar Vučić said.
According to the president, the government is considering cutting the current excise tax reduction in half, which would reduce the fiscal burden from a 20% exemption to around 10% of excise revenue foregone.
The proposal comes amid a period of easing global energy prices, with Brent crude oil trading at around $78 per barrel, reflecting softer conditions in international oil markets.
President Vučić stated that a final decision could be taken in the near future if oil prices remain at current levels, signaling a possible shift toward fiscal normalization.
He also noted that changes in crude oil prices are not immediately reflected at fuel stations, as retailers typically wait for market trends to stabilize before adjusting retail fuel prices.
The government originally introduced the fuel tax relief package during the energy crisis to mitigate the impact of elevated oil prices on consumers and businesses.
If favorable market conditions persist, authorities are expected to gradually phase out the temporary tax reductions, eventually restoring excise duties to their pre-crisis levels.
