Government Limits Price of Gas, Bans Export of Eurodiesel EN 590 and Reduces Excise Duties on Leaded Gasoline, Unleaded Gasoline and Gas Oils

At yesterday’s session, the Government of Serbia adopted the Decree on the temporary measure of limiting the price of gas and compensating for the differences in the price of natural gas procured from imports or produced in the Republic of Serbia in case of disturbances on the natural gas market.

– Due to the global disturbance in the natural gas market and the sudden jump of the price of that energy source in the whole Europe, the subjects which carry out the activities of supply and wholesale supply of natural gas are forced to import this energy source at a price that is several times higher than it was in November 2021. This regulation aims to eliminate the consequences of the jump in the price of that energy source, mitigate the consequences of the energy crisis and protect economies and citizens who are instructed in its use, as well as to ensure normal supply to all consumers and provide these entities with the right to compensation – it is said on the government’s website.

The government also adopted an amended Decree on the limitation of the price of oil derivatives, which extends the restriction until July 31 of the current year.

Given the global disturbance in the market of petroleum products and the energy crisis in the world, the Government adopted a Decision on a temporary ban on the export of Eurodiesel EN 590 in order to prevent shortages and ensure a secure supply of the market with this derivative.

The adoption of said measure will prevent potential harm to the economy and citizens of Serbia, it is added.

Due to the increase in producer prices of petroleum products in the previous period, and in order to preserve macroeconomic stability and standards of citizens and uninterrupted supply of oil derivatives to the market, the session decided to temporarily reduce excise duties on petroleum products - leaded gasoline, unleaded gasoline and gas oils by 20%.

This Decision shall apply from July 1, 2022 and ending on July 31, 2022.

Vlada Republike Srbije

Decree on the temporary measure of limiting the price of gas and compensating for the differences in the price of natural gas procured from imports or produced in the Republic of Serbia

Decree on the limitation of the price of oil derivatives

temporary ban on export of Eurodiesel EN 590

decision on temporary reduction of excise duties on petroleum products leaded gasoline unleaded gasoline and gas oils