Serbia, Government has extended the decree on limiting retail fuel prices by the end of April

, News Serbia Energy

Serbian Government has extended the decree on limiting retail fuel prices by the end of April.

The statement from the Government said that it will try to find a solution acceptable to both fuel retailers and consumers following the expiration of the decree.

On 11 February, the Government adopted a decree on limiting the retail prices of fuel for a period of 30 days. In early March, the validity of a decree was extended by another 30 days.

The decision was made in order to prevent major disturbances and preserve the living standard of the population, given that in the previous period there was an increase in the prices of petroleum products.

The decree determines the maximum retail price and obliges companies that trade in motor and other fuels at stations for the supply of vehicles, and which until the adoption of the decree delivered petroleum products, to continue with the delivery exclusively by pouring into the fuel tanks. Also, a decision was made to temporarily reduce excise duties by 20 % of the current amount on oil derivatives – leaded gasoline, unleaded gasoline and gas oils.