Serbia Keeps Diesel Excise at 59.23 Dinars Until August 9

Diesel excise duty in Serbia stays at 59.23 dinars per liter until August 9. The government adopted a decision extending the temporary 20 percent cut on excise duties for petroleum derivatives by another week, since the previous decision was due to expire on August 2. The decision was published in the Official Gazette.

On the same day, the deadline for a second fuel measure was also pushed back. Under an amendment to the decision on the temporary ban on exports of oil and petroleum derivatives, the measure’s validity was extended from July 31 to August 31. The amendment was signed by Prime Minister Djuro Macut, adopted on July 31, and takes effect on the day of its publication in Serbia’s Official Gazette.

The excise amounts by type of derivative are laid out in the text of the decision itself:

The temporary excise amounts will be 61.24 dinars per liter for leaded gasoline, 57.60 dinars per liter for unleaded gasoline, and 59.23 dinars per liter for gas oils (diesel).

Since this is a 20 percent reduction, the full excise amount for unleaded gasoline would be 72.00 dinars per liter, and 74.04 dinars for gas oils. The amount the budget forgoes is 14.40 dinars per liter of gasoline and 14.81 dinars per liter of diesel, before value added tax.

How much of the price per liter of fuel is excise duty?

Gas stations are currently capped at maximum retail prices of 226 dinars per liter for eurodiesel and 202 dinars per liter for premium unleaded gasoline. Both prices rose by two dinars last week, as reported in our article on the new fuel prices.

At those prices, the reduced diesel excise accounts for about 26 percent of the retail price of a liter of eurodiesel, and the excise on unleaded gasoline for about 28 percent of the price of a liter of premium gasoline. Excise duty is a fixed amount per liter, so its share rises when the pump price falls and shrinks when the price rises. That means the two-dinar increase did not come from excise duty, but from the other components of the price.

Export ban in place since March 9

The government adopted the original decision banning exports of oil and all petroleum derivatives on March 9, 2026, at an emergency session. The explanation cited protecting the domestic market from shortages and price spikes caused by disruptions on the world market.

The deadline has since been pushed back repeatedly, and the latest extension keeps the measures in place domestically until the end of August. The two instruments move on different schedules: the export ban is extended by a month at a time, the excise cut by seven days at a time. The shorter deadline for the excise cut also means more frequent review, since every week is measured against how pump prices are moving.

Next deadline is in a week

The next decision falls due on August 9, when the temporary excise amount expires. The export ban will still be in force for three more weeks at that point, until August 31.

If the excise cut is not extended then, the excise portion of the price reverts to its full amount, a difference of close to 15 dinars per liter before VAT. Until then, maximum fuel prices remain under the authority of the Ministry of Internal and Foreign Trade, which publishes them weekly.