Serbia fuel prices to Oct 23: diesel 236, petrol 207 dinars
Eurodiesel stays at 236 dinars and BMB 95 petrol at 207 per liter, but the 25% excise cut holding those prices expires October 18, five days before the next price list.
The maximum retail price of eurodiesel in Serbia from Friday, October 16, is 236 dinars per liter, and of BMB 95 premium petrol 207 dinars per liter, according to the price list of the Ministry of Internal and Foreign Trade. The new prices apply from 3 p.m. until the same time on Friday, October 23.
Nothing has changed since last week: diesel and petrol stay at the same amounts. The gap between the two fuels is 29 dinars per liter. The ministry sets prices every Friday, and filling stations must apply them as soon as they appear on the ministry’s official website.
How high are fuel excise duties?
Prices stayed the same partly because the measure that holds them down is still in force. The Serbian government, in a caretaker mandate, extended the 25% cut in excise duties on petroleum products until October 18, 2026, as announced in the Official Gazette. Under that decision, the excise per liter is:
- unleaded petrol: 54 dinars
- leaded petrol: 57.41 dinars
- gas oils: 55.53 dinars
The measure has so far been extended week by week, so the excise deadline and the price list deadline do not line up.
What happens to prices after October 18?
The excise cut expires on Sunday, October 18, five days before the current price list runs out. It is the only item in this report with a deadline that falls before next Friday’s announcement. The reports on the new price list do not say whether the government will extend the measure beyond October 18, and the ministry’s next price list is expected on Friday, October 23.
What is happening to oil on the world market?
Domestic prices are unchanged, while oil got slightly cheaper on the world market that day. According to CNBC data, Brent North Sea crude futures fell 0.48%, to $105.34 per barrel, and US crude WTI fell 0.62%, to $97.371 per barrel. Brent therefore remains above $100 a barrel, and N1 links that to a fresh escalation of the conflict in the Middle East.
Investors, meanwhile, are waiting for eurozone inflation data to judge whether high oil prices are still adding to inflationary pressure. Upcoming interest rate decisions also depend on those figures.
