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The Government of the Republic of Serbia

In the service of citizens

State measures to maintain stability in energy sector

Belgrade, 20 March 2026

President of the Republic of Serbia Aleksandar Vučić stated today, after a session of the National Security Council dedicated to the current energy situation, which was attended by Prime Minister Professor Đuro Macut, MD, DSc, and other members of the Government, that the state will take measures in this area, the aim of which is to control energy prices and ensure full market supply.

Addressing the public, Vučić explained that the first measure is an additional reduction in excise duties on oil derivatives by another 40%, which will cumulatively be 61% lower, adding that the state is thus almost completely forgoing revenue.

He indicated that, thanks to this, the increase in the price of diesel today will be only RSD 4, amounting to RSD 212, and for gasoline only RSD 2, amounting to RSD 188.

According to him, without state intervention, the price of diesel would be RSD 257, instead of RSD 208, which was the price until today.

The President of the Republic said that Serbia annually collects approximately €2 billion for the budget from excise duty on oil, which is the largest excise revenue, even higher than excise duty revenue for cigarettes, which is around €1.3 billion.

Vučić also stated that the price of gas of $735 per 1,000 cubic metres represents a major problem on the world market, explaining that this is the highest price of this energy source in the last three and a half years.

According to him, gas reserves are currently 587.5 million cubic metres, because Serbia prepared in time, and it has large reserves of both food products and fuel.

As for oil derivatives, diesel reserves are 508,436 tonnes, which is enough for 90 days, gasoline 120,972 tonnes, which is enough for 91 days.

The President noted that in the next seven days, the price of oil per litre for farmers will be RSD 181, which is an increase of only RSD 2, and that, if the price rises on world markets and quotations, it will be up to RSD 184.

Vučić also said that there will be no restrictions on the purchase of fuel for Serbian citizens, and that the restriction will apply only to European Union citizens, if the EU increases oil prices for vehicles with Serbian licence plates.

The President of the Republic also noted that it is important for Serbia to discuss a new gas agreement with the Russian Federation in the coming days, adding that the current one expires on 31 March.