Serbia has decided to prolong restrictions on the export of oil and petroleum products as part of a broader effort to shield the domestic market from ongoing global price pressures. The measure, now in force until 2 April, covers crude oil, diesel and gasoline across all transport routes, reinforcing supply control at the national level.
In parallel with the extension, authorities will release an additional 40,000 tons of diesel from strategic reserves. This step is intended to reinforce market supply and ease potential tensions in the coming days, while supporting short-term fuel availability.
Officials say that the decision is driven by continued volatility in international oil markets, influenced by geopolitical developments in the Middle East. Rising crude prices, which have surged significantly in recent weeks, have increased the risk of both supply shortages and higher fuel costs domestically, putting additional pressure on the local energy system.
The export ban is part of a wider set of interventions aimed at maintaining price stability. Earlier measures included a reduction in fuel excise duties by 20%, designed to limit the impact of global price increases on consumers and businesses. By combining administrative controls with the release of reserves, the Government aims to ensure sufficient fuel availability while preventing sharp price fluctuations in the domestic market.
