economy
March 20, 2026
Fuel prices expected to rise again in Serbia this Friday, state measures are not helping: How much have diesel prices risen in Europe so far?
Since the start of the war in the Middle East, the price of diesel in Serbia has increased by eight dinars, and gasoline by five dinars per liter.
TL;DR
- Diesel prices in Serbia rose by 8 dinars and gasoline by 5 dinars per liter since the Middle East conflict began.
- Further price increases for diesel and gasoline are expected due to escalating global oil prices after attacks on energy facilities.
- Serbia has reduced excise taxes by 20%, banned oil derivative exports until April 2nd, and released 40,000 tons of diesel from reserves.
- Brent crude oil prices reached $118 per barrel, a 16% increase, and natural gas prices rose from 50 to 70 euros per megawatt-hour.
- Diesel prices have significantly increased in various European countries, including Germany (26%), Austria (30%), France (20%), and North Macedonia (over 30%).
- The United States has also seen approximately 30% increases in both diesel and gasoline prices.
- Many European countries, including Hungary, Croatia, Austria, Italy, and Germany, have implemented measures to mitigate fuel price hikes.
- Despite these measures, fuel prices are expected to continue rising globally.