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Serbia Suspends Energy Exports to Shield Market as Crude Prices Surge ...
Serbia limits exports of diesel, gasoline, and crude oil until March 19 to prevent shortages and price spikes amid global crude surpassing $119 per barrel.
- Later this month, the government ordered a ban on crude, diesel, and gasoline exports until March 19, according to Energy Minister Dubravka Djedovic Handanovic.
- On Monday, the energy minister said Serbia suspended crude oil and fuel exports as global crude prices jumped above $119 a barrel amid supply uncertainty linked to the war in Iran, prompting the export suspension announced the same day.
- Serbia's fuel exports in 2024 accounted for around 3.6% of all exports, about $1.26 billion, while the government has maintained a price cap since February 2022 on Euro diesel and Euro Premium BMB 95 gasoline.
- Croatia introduced fuel price caps until March 23, with Croatian Prime Minister Andrej Plenkovic limiting the cap to 1.55 euros per litre to prevent sharp diesel price rises.
- Earlier this year, Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic spoke publicly, following Croatia's July policy shift ending fuel caps introduced in 2022 during the Ukraine war.
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11 Articles
The Serbian government today temporarily banned the export of oil and motor fuels due to global market disruptions. Meanwhile, warnings are growing in Montenegro about a possible shortage of gasoline and diesel, and in Bosnia and Herzegovina about price increases.
The Serbian government temporarily banned the export of crude oil and fuel at an extraordinary meeting on Monday. The cabinet said it would ban the export of diesel, gasoline and crude oil until March 19, when the market situation will be reassessed. The ban is aimed at protecting the domestic market from shortages and price hikes. Energy Minister Dubravka Djedovic Handanovic said the move was necessary due to the ongoing war in Iran and the res…
The Serbian government made a decision at this morning's extraordinary session to ban the export of oil and all petroleum derivatives for engine propulsion, the Ministry of Mining and Energy announced.
Serbia has temporarily suspended the export of crude oil and fuel products to protect its domestic market from global supply uncertainties and associated price increases caused by the Iran war.
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