In a bid to address the economic pressures stemming from increasing global crude oil prices, the Serbian Government has announced a temporary reduction of excise duties on various petroleum products. This measure, set to last until 15 April, aims to alleviate the financial burden of rising fuel costs on both consumers and the broader economy.
The newly established regulations lower excise taxes on gasoline and diesel by 20%, revising rates that had been in place since mid-February 2026. The adjustments apply to both leaded and unleaded petrol, as well as gas oil.
Post-adjustment, the revised excise rates are now 0.52 euros per liter for leaded petrol, 0.49 euros per liter for unleaded petrol, and 0.50 euros per liter for diesel. Prior to this reduction, the government collected higher duties of 0.65 euros per liter for leaded petrol, 0.61 euros per liter for unleaded petrol, and 0.63 euros per liter for diesel.
This decision is largely attributed to the recent spike in producer prices for petroleum derivatives, which have been influenced by the global surge in crude oil prices. The government’s intervention reflects a strategic response to these market dynamics.
It is important to note that this temporary reduction does not extend to all fuel types; specifically, the excise duty on liquefied petroleum gas (LPG) remains unchanged at 0.48 euros per kilogram, thus not benefiting from this adjustment.
