Serbia Fuel Prices: Diesel 232, Gasoline 203 Dinars
From today through Friday, September 4, diesel costs up to 232 dinars per liter and gasoline up to 203, one dinar more than last week: Serbia's third straight week of pump price increases.
A liter of diesel now costs up to 232 dinars in Serbia, and Euro Premium BMB 95 gasoline up to 203 dinars per liter, according to a new decision from the Ministry of Internal and Foreign Trade. The new maximum retail prices took effect on August 28 at 3 p.m. and will remain in place until Friday, September 4, at the same hour.
Both fuels rose by one dinar per liter compared to the previous week. From August 21 to 28, diesel sold for 231 dinars and gasoline for 202 dinars per liter.
This marks the third straight week of price increases at the pumps, though the pace has now slowed compared to the previous two weeks. The week before that, from August 14 to 21, diesel cost 229 dinars and gasoline 200 dinars, meaning that increase came to two dinars for each fuel. The acceleration seen in mid-August has since been cut in half, even as prices keep climbing in the same direction:
- August 28 to September 4: diesel 232, gasoline 203 (up 1 dinar)
- August 21 to 28: diesel 231, gasoline 202 (up 1 dinar)
- August 14 to 21: diesel 229, gasoline 200 (up 2 dinars)
The increase is felt immediately by transport companies and by farmers who fall outside the subsidized pricing scheme, and it eventually works its way into store prices through higher transport costs.
Who sets the price, and when
Maximum retail prices for oil derivatives are published by the Ministry of Internal and Foreign Trade every Friday, no later than 3 p.m. Businesses selling fuel at gas stations are required to apply the new prices as soon as they are published on the ministry’s official website, with no grace period.
The system rests on a Serbian government decree setting maximum retail prices for oil derivatives, which the government extended by two months in mid-August. The previous decree was valid through August 19, and the new one, which now covers this week’s decision, runs for 60 days.
Farmers with registered holdings continue to buy diesel at a separate, lower price. That price stood at 184 dinars per liter last week and did not change this time, even as prices for other consumers went up.
The ministry’s next decision is expected on Friday, September 4, by 3 p.m. That will show whether the weekly rise in pump prices continues or comes to a halt.
