Expat Serbia

Fuel prices in Serbia will continue to rise

Fuel prices in Serbia will continue to rise, not only because of the expected increase of the crude oil price on world market, but also because of the lack of competition in the domestic market as well as weaker demand.

Expectations are that the fuel price will increase for 1.5 dinars per litter in the coming period, having in mind that in the last 10 days the fuel prices have raised for about three dinars per litter. So basically, full tank of Europremium will cost you 7,500 dinars because the price per litter will tap the limit of 165 dinars.

There is a big misconception that the exchange rate has a significant impact on the fuel price because dinar has strengthened in recent days. Competitiveness in the market of motor fuel, which does not exist in Serbia, would be the key factor affecting the price sustainability. The real price of motor fuel should be cheaper, between 10 and 12 dinars per litter.

Fuel BMB din/l 

August 2012 - 154 RSD
August 2011 - 125 RSD
April 2010 - 115 RSD
August 2009 - 105 RSD
August 2008 - 109 RSD