Serbia has revised its temporary fuel tax relief measures as authorities continue efforts to protect the domestic fuel market from volatility driven by rising global crude oil prices and ongoing geopolitical tensions in the Middle East.
At its latest session, the Serbian Government approved a new decision reducing the level of excise tax relief on petroleum products from 25% to 20%. The updated measure applies to leaded gasoline, unleaded gasoline, and diesel fuel, and will remain in effect until 31 May.
The adjustment follows earlier interventions introduced on 13 March, when authorities implemented a 20% reduction in excise duties in response to sharp fuel price increases triggered by the escalation of conflict involving Iran at the end of February. The relief was later expanded to 25% on 10 April, before being partially reduced again under the latest government decision.
The Government stated that the measure was adopted in response to higher producer prices for petroleum products, which have been driven by sustained increases in international crude oil prices.
Despite recent signs of stabilization in global markets, domestic fuel prices remain significantly above pre-crisis levels. Since late February, diesel prices have increased by €0.20 per liter, while petrol prices are up by €0.09 per liter over the same period.
