Serbian Government Decides to Ban the Export of Oil and Petroleum Products Until March 19
In order to protect the domestic market from shortages and rising prices, the Government of the Republic of Serbia adopted a decision at an emergency session to ban the export of oil and all petroleum products used for motor fuel. The decision will remain in effect until March 19.
Foto: Tanjug/Vlada Republike Srbije/Slobodan Miljević
“The ban applies to the export of diesel, gasoline, and crude oil by all modes of transport until March 19, after which we will make further decisions. The essence of this ban is to protect the domestic market from shortages and price increases caused by global disruptions in the international market,” said Minister of Mining and Energy Dubravka Đedovic Handanovic.
The minister also reminded that Serbia is a country where citizens pay lower prices for petroleum products compared to their actual market value on exchanges, and that the state is doing everything it can to protect both citizens and the economy.
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