Government Once Again Limits Fuel Prices and Reduces Excise Duties – Temporary Ban on Export of Grains, Flour and Oil

At yesterday's session, the government of the Republic of Serbia adopted the Decree on limiting the prices of petroleum products, which refers to petroleum products Euro diesel and Euro premium BMB 95, and which will be valid for the next 30 days – until April 11.

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 economic entities 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, the conditions and manner of selling petroleum products to registered agricultural holdings are envisaged.

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.

At the session, an amended decision was made on the conditions and manner for reducing customs duties on certain goods, i.e., for exempting certain goods for payment of customs duties in 2022.

The decision regarding oil and oils obtained from bituminous minerals will be valid until December 31, 2022.

The government decided to temporarily ban the export of basic agricultural food products important to the population – wheat grain, wheat flour, corn and groats and sunflower oil, in order to respond in a timely manner to market disturbances and growing demand, both worldwide and in the country, as announced on the website of the Government of Serbia.

Vlada Republike Srbije

Government of Serbia

Decree on limiting the prices of petroleum products

Euro diesel

Euro premium BMB 9

reduction of excise duties

20 percent

wheat

corn

oil

flour

export

ban