Fuel prices expected to rise again in Serbia this Friday, state measures are not helping: How much have diesel prices risen in Europe so far?

Fuel prices expected to rise again in Serbia this Friday, state measures are not helping: How much have diesel prices risen in Europe so far? The price of diesel in Serbia has increased by eight dinars and gasoline by five dinars per liter since the start of the war in the Middle East, with further increases expected due to escalating global oil prices following attacks on energy facilities. Serbia has implemented measures such as reduced excise taxes, export bans on oil derivatives, and releasing diesel from reserves to mitigate price hikes, but these have had limited success. Similar price increases are observed across Europe and the US, with various countries introducing measures like price caps, tax reductions, and rationing to counter the rising costs.

• Diesel prices in Serbia rose by 8 dinars and gasoline by 5 dinars per liter since the Middle East conflict began.
• Further price increases for diesel and gasoline are expected due to escalating global oil prices after attacks on energy facilities.
• Serbia has reduced excise taxes by 20%, banned oil derivative exports until April 2nd, and released 40,000 tons of diesel from reserves.
• Brent crude oil prices reached $118 per barrel, a 16% increase, and natural gas prices rose from 50 to 70 euros per megawatt-hour.
• Diesel prices have significantly increased in various European countries, including Germany (26%), Austria (30%), France (20%), and North Macedonia (over 30%).
• The United States has also seen approximately 30% increases in both diesel and gasoline prices.
• Many European countries, including Hungary, Croatia, Austria, Italy, and Germany, have implemented measures to mitigate fuel price hikes.
• Despite these measures, fuel prices are expected to continue rising globally.