Excise taxes on fuel reduced by 20 percent

Excise taxes on fuel reduced by 20 percent The Serbian government has temporarily reduced excise duties on oil derivatives by 20%, effective until April 15, to mitigate the impact of rising global oil prices. This reduction translates to a decrease of 14.81 dinars per liter for diesel and 14.4 dinars per liter for gasoline. The country currently holds sufficient reserves of diesel, gasoline, and other petroleum products, along with significant gas storage.

• Serbian government temporarily reduces excise duties on oil derivatives by 20%.
• The reduction is in effect from today until April 15.
• The decision aims to offset the increase in global crude oil prices.
• Excise duty on diesel will decrease from 74.04 to 59.23 dinars per liter.
• Excise duty on gasoline will decrease from 72 to 57.6 dinars per liter.
• Serbia has substantial reserves of diesel (94 days), gasoline (102 days), and gas (562 million cubic meters).