Serbia Extends 25% Fuel Excise Cut to 15 November; Pump Prices Unchanged

Serbia's caretaker government has extended the temporary 25% cut in excise duty on petroleum products until 15 November, the Finance Ministry confirmed to Tanjug and Beta on Friday, 6 November. The previous decision was due to expire on Sunday, 8 November.

Excise rates and pump prices

According to the reports, excise is set at 57.41 dinars per litre for leaded petrol, 54 dinars for unleaded petrol and 55.53 dinars for gas oil. Maximum retail prices, set separately each Friday, will stay unchanged until 13 November: 236 dinars a litre for Euro diesel and 207 dinars for BMB 95 petrol.

A measure renewed week by week

The government first cut fuel excise by 20% in March 2026, for a period that ran to mid-April, and has extended the reduction repeatedly since, often for just one or two weeks at a time. By the end of October the cut had grown to 25%.

Why it matters now

The cut costs the budget revenue but holds down the tax part of pump prices at a time of uncertainty for supply. Oil company NIS, which runs Serbia's only refinery, is operating under a US Treasury licence valid until 11 December while Hungary's MOL prepares to take over the Russian-owned stake. With the government in a technical mandate until a new cabinet is elected, short extensions let the outgoing ministers avoid longer commitments, but they also leave businesses planning one week at a time.

What comes next

Unless the cut is extended again, the full excise rate would return after 15 November. Any longer-term decision on fuel taxation is likely to fall to the new government that the Student List majority is due to form.