The Serbian government capped retail prices of fuel and reduced excise duties on petrol by 20 percent on Thursday.
The government also banned exports of wheat, flour, corn and sunflower oil.
The limits on fuel prices take effect on Friday, March 11 and will be in place for 30 days.
“The decision was taken to prevent upsets and maintain the people’s living standard following a recent rise in crude oil prices. The decree sets the maximum retail prices and obliges fuel retailers not to allow customers to buy excessive quantities of fuel,” a press release reads. This means that petrol stations are allowed to put fuel only into vehicles, and not canisters and other types of fluid containers.
Duties on leaded and unleaded gasoline and gas oils have been reduced by 20 percent.
The fines for those petrol stations that do not comply with the Serbian government’s decree range from 5,000 to 2 million dinars.
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