A new adjustment to fuel taxation has taken effect in Serbia, introducing a temporary reduction in excise duties on petrol and diesel valid until 24 April. The measure follows recent amendments to the regulation that caps petroleum product prices, adopted by the Government as part of its ongoing market intervention strategy.
Under the updated framework, the excise duty on unleaded petrol has been set at 0.46 euros per liter, while diesel is taxed at approximately 0.47 euros per liter. These levels represent a further decrease compared to the already reduced rates introduced earlier this year.
The previous temporary measure, which has now been repealed, had established excise duties at 0.49 euros per liter for petrol and around 0.50 euros for diesel. With the latest revision, taxes have been cut by an additional 0.03 euros per liter for petrol and slightly more for diesel over the next two weeks. Compared to the full statutory rates, the current levels are significantly lower, standing at roughly 25% below standard excise duties, which amount to 0.61 euros for petrol and 0.63 euros for diesel.
The initial reduction introduced in March was driven by rising global oil prices linked to geopolitical tensions involving Iran. Although that measure had been scheduled to remain in force until mid-April, authorities opted for an additional short-term cut to further ease price pressures and support market stability.
