Export ban extended amid global oil market volatility
Serbian authorities have extended emergency measures aimed at stabilizing the domestic fuel market amid disruptions in global oil supply chains and heightened price volatility. At an extraordinary government session, officials prolonged the temporary ban on exports of crude oil and petroleum products until 2 July 2026. The government said the decision reflects continued instability in international energy markets and concerns about tight supply conditions that could affect domestic fuel security.
Excise duty reductions extended through early June
Alongside export restrictions, the government extended temporary reductions in excise duties on petroleum products. The excise relief, originally introduced following rising global crude prices, will remain in place until 7 June. Officials said the measure is intended to ease pressure on retail fuel prices and help cushion households and businesses from higher energy costs.
New excise rates for petrol and gas oil
Under the revised tax framework, excise duties are set at €0.52 per liter for leaded petrol, €0.49 per liter for unleaded petrol, and €0.50 per liter for gas oil. The excise relief was first introduced in mid-May after increases in global crude prices pushed up production costs across the fuel supply chain. By combining tax relief with export restrictions, authorities aim to maintain sufficient domestic fuel availability while limiting the impact of external market shocks on the Serbian economy.
Energy security remains a stated policy priority
Officials said the latest decisions underline that energy security remains a key policy priority. They cited ongoing geopolitical tensions and fluctuations in global oil markets as sources of uncertainty for fuel-importing countries.
