Serbia Enacts New Fuel Price Regulation
Government decision caps diesel and gasoline prices for the next six months to support agricultural sectors.
The Government of Serbia has implemented a new regulation aimed at stabilizing fuel prices, effective immediately upon its publication in the Official Gazette.
The decree establishes a fixed retail price for Euro diesel intended for registered agricultural households, maintaining the cost at 179 dinars per liter.
This measure is part of a broader initiative to cap the prices of Euro diesel and Euro premium BMB 95 gasoline for a duration of six months.
According to the decree, the maximum retail prices are calculated based on the average wholesale prices of these fuel derivatives within Serbia, increased by a margin of 16 dinars.
The Ministry of Mining and Energy is tasked with calculating these weekly average wholesale prices every Friday and submitting them to the Ministry of Internal and External Trade by 1 PM, with public availability mandated by 3 PM on the same day.
In the event that Friday is a public holiday, the preceding working day will be utilized for these announcements.
This pricing regulation excludes additive-enhanced oil derivatives.
Such products must be accompanied by a declaration outlining the additives used for improving fuel performance, in compliance with regulatory standards.
For agricultural operations, the Naftna industrija Srbije a.d. Novi Sad has agreed to supply Euro diesel at the capped rate of 179 dinars per liter, facilitating distribution via cards issued to registered agricultural entities.
This provision allows for refueling agricultural machinery and transporting fuel derivatives in quantities not exceeding 100 liters per hectare.
This arrangement applies to arable land listed in the Agricultural Holdings Registry as of the regulation's effective date and is required to sustain relevant crop cultivation activities, up to a maximum of 100 hectares.
Retailers operating fuel stations must immediately apply these ceiling prices upon the Ministry's publication on its official website.
Oversight of the implementation of these measures is assigned to the Ministry of Trade.
Current fuel prices, effective until January 31, include a cap of 204 dinars per liter for Euro diesel and 187 dinars per liter for Euro premium BMB 95 gasoline, unchanged from the previous week.
The decree establishes a fixed retail price for Euro diesel intended for registered agricultural households, maintaining the cost at 179 dinars per liter.
This measure is part of a broader initiative to cap the prices of Euro diesel and Euro premium BMB 95 gasoline for a duration of six months.
According to the decree, the maximum retail prices are calculated based on the average wholesale prices of these fuel derivatives within Serbia, increased by a margin of 16 dinars.
The Ministry of Mining and Energy is tasked with calculating these weekly average wholesale prices every Friday and submitting them to the Ministry of Internal and External Trade by 1 PM, with public availability mandated by 3 PM on the same day.
In the event that Friday is a public holiday, the preceding working day will be utilized for these announcements.
This pricing regulation excludes additive-enhanced oil derivatives.
Such products must be accompanied by a declaration outlining the additives used for improving fuel performance, in compliance with regulatory standards.
For agricultural operations, the Naftna industrija Srbije a.d. Novi Sad has agreed to supply Euro diesel at the capped rate of 179 dinars per liter, facilitating distribution via cards issued to registered agricultural entities.
This provision allows for refueling agricultural machinery and transporting fuel derivatives in quantities not exceeding 100 liters per hectare.
This arrangement applies to arable land listed in the Agricultural Holdings Registry as of the regulation's effective date and is required to sustain relevant crop cultivation activities, up to a maximum of 100 hectares.
Retailers operating fuel stations must immediately apply these ceiling prices upon the Ministry's publication on its official website.
Oversight of the implementation of these measures is assigned to the Ministry of Trade.
Current fuel prices, effective until January 31, include a cap of 204 dinars per liter for Euro diesel and 187 dinars per liter for Euro premium BMB 95 gasoline, unchanged from the previous week.
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