For 10 days: Serbia bans exports of gasoline, diesel, and oil
10 March 09:31
The Serbian government has banned the export of diesel fuel, gasoline, and crude oil. The restrictions will remain in place until at least March 19 to prevent domestic shortages and price spikes at gas stations.
This was reported by SeeNews, according to "Komersant Ukrainian".
“After the ban expires, the government will decide on further actions, taking into account the market situation,” said Serbian Energy Minister Dubravka Jedovic Handanovic.
The main reason for the decision was the escalation of the war in the Middle East between the US, Israel, and Iran. The conflict has caused disruptions in shipping through the Strait of Hormuz, a key route for oil transportation.
Major producers such as Iraq, Kuwait, and the UAE have already reduced production, according to available data. Since February 27, Brent crude oil futures have risen by approximately 47%.
Prices at Serbian gas stations
Due to the risk of a sharp rise in prices at gas stations, Serbian President Aleksandar Vučić announced on March 6 that the government plans to reduce the excise tax on fuel. The excise tax on ethyl gasoline is currently 76.55 dinars ($0.75/€0.65/32.95 UAH) per liter, on non-ethyl gasoline – 72 dinars per liter, and on diesel fuel – 74.04 dinars per liter.
The maximum retail price for diesel fuel in the country for the period from March 6 to March 13 is set at 203 dinars per liter, while for gasoline it is 184 dinars.
Serbia is a major importer of energy resources. In 2025, the country purchased €2 billion worth of oil and petroleum products. The country’s exports in this sector are significantly lower, amounting to €382 million, which is 17% less than the previous year.
The main destinations for refined oil exports from Serbia are Bosnia and Herzegovina, Hungary, and Bulgaria. The government’s next steps will depend on the stability of supplies through international logistics chains.
