Government of Serbia adopts ANOTHER MEASURE related to oil and oil derivatives

Photo collage: Shutterstock, Nikola Tomic

The Government of the Republic of Serbia has decided to extend the ban on exports of oil and oil derivatives used to power engines until May 2026. This measure, which was initially introduced to stabilize the domestic energy market, aims to ensure sufficient amounts of fuel for citizens and the economy, especially during a time of instability of the global market.

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The extension of the export ban means that domestic refineries and distributors will not be able to export oil and derivatives without special approval from the state, thus preventing possible shortages on the domestic market and additional fuel price increases.

The new decision enters into force immediately, upon publication in the Official Gazette, and is implemented without delay. According to experts' estimates, this kind of export control allows Serbia to maintain stable fuel reserves and protect citizens from sudden price surges that have become frequent on the world market.

The government stressed that such measures are part of a broader strategy to preserve energy security and support the domestic economy. The extension of the export ban is particularly important in conditions of global geopolitical tensions and fluctuations in oil prices, when unpredictable changes can directly affect supply and price stability in the country.

Citizens and the economy can expect the measures to help maintain predictable prices at gas stations, as the state continues to monitor the situation and adjust policies in line with global trends and domestic needs.

(Telegraf Biznis/Blic)