economy
March 6, 2026
Vučić's statements caused panic, citizens are hoarding': Will fuel prices rise today?
Due to the jump in oil prices on the world market after the Israeli-American attack on Iran, state officials and economic experts announce that an increase in fuel prices can also be expected in Serbia.
TL;DR
- Global oil price increase after Israeli-American attack on Iran may lead to higher fuel prices in Serbia.
- While current reserves are being used, a price increase is expected from next week.
- Wholesale fuel prices have already risen above retail prices (200 dinars/liter).
- Citizens, especially farmers, are reportedly hoarding fuel due to 'panic statements' from officials, creating market instability.
- The government is considering measures to mitigate price increases, such as reducing excise taxes.
- Excise taxes on gasoline and diesel were recently increased.
- Serbia's fuel pricing formula, based on Genoa stock exchange prices, is criticized for contributing to high prices in the region.
- Government officials assure sufficient fuel supplies and no reason for public concern.
- President Vučić announced government measures to ease the impact of rising energy prices.
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