economy
March 12, 2026
WE WILL NOT ALLOW CRAZY PRICES!" Vučić stated that there will be no oil shortage!
He noted that citizens can be at ease and that there will be no oil shortage.
TL;DR
- President Vučić guarantees no oil shortage for Serbian citizens.
- The state will intervene to prevent excessively high fuel prices.
- Intervention includes releasing state oil reserves and reducing excise taxes by 20%.
- Serbia has enough oil reserves for 93 days, even without current production.
- Global geopolitical instability, particularly involving Iran and the Middle East, is impacting oil prices.
- The President expressed pessimism about future global conflicts affecting oil supply.
- The government is seeking OFAC license approval for its actions.
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