Serbia has introduced a temporary ban on the export of crude oil, diesel, and gasoline as authorities seek to protect the domestic market from potential shortages and price spikes. The measure, adopted during an extraordinary Government session, will remain in effect until 19 March, after which the situation will be reassessed.
Officials cited growing instability in global energy markets as the main reason for the decision. Minister of Mining and Energy Dubravka Đedović explained that the goal is to prevent supply disruptions and excessive price increases locally, particularly at a time when international fuel prices are climbing sharply. Retail fuel prices in Serbia currently remain below global market levels, and the government is aiming to safeguard both households and businesses.
President Aleksandar Vučić also addressed the situation, warning that developments on global oil markets could lead to a significant surge in crude prices. Normally, market conditions would justify a retail price increase of 0.13–0.17 euros per liter, but authorities limited the rise to a maximum of 0.03 euros to help contain inflation and reduce the burden on citizens and businesses.
The President personally requested the export ban after reports of fuel shortages at some petrol stations in neighboring countries raised concerns that disruptions could spread to Serbia. By restricting exports, the government aims to ensure that sufficient volumes remain available for domestic consumption.
Vučić also reassured the public about Serbia’s fuel reserves. Strategic stocks are sufficient to cover approximately 90 days of diesel and petrol consumption, while kerosene reserves are estimated to last around 35 days. Actual reserves are even higher than previously reported, as they include supplies delivered via the JANAF pipeline and additional volumes stored at the Pancevo refinery.
