President Aleksandar Vučić stated that fuel in Serbia is more expensive than in neighboring countries due to high excise taxes and sanctions on the Naftna industrija Srbije (NIS).
Key facts
- •President Aleksandar Vučić stated that fuel in Serbia is currently two to four dinars more expensive than in Montenegro.
- •The NIS refinery was closed for two and a half months due to U.S. sanctions on Russia.
- •Vučić suggested that excise taxes could be reduced by 30 to 40 percent if regional conflicts continue.
- •The President claimed that bread prices in Serbia are twice as low as those in Montenegro.
Serbian President Aleksandar Vučić said today that fuel prices in Serbia remain higher than in the surrounding region due to high excise taxes. During a visit to the Kablar viewpoint, Vučić addressed the price disparity, noting that while fuel is currently more expensive in Serbia than in Montenegro, it is also higher in Albania and Slovenia.
Price Disparities and Sanctions
Vučić stated that the price gap for fuel has narrowed, noting that while fuel was previously 35 to 40 dinars more expensive in Serbia than in the region, the current difference ranges from three to 15 dinars. He attributed ongoing challenges to sanctions placed on the Naftna industrija Srbije (NIS) for the past year and a half, noting that the NIS refinery was non-operational for two and a half months due to U.S. sanctions against Russia.
Future Price Adjustments
The President predicted that fuel prices in Serbia and the surrounding region would equalize within a week. He further stated that if conflicts in Ukraine and Iran continue, the government may reduce excise taxes by 30 to 40 percent to help narrow the price gap, though he noted that the financial impact of such a move remains to be determined.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by N1 Info.
