April 6 (SeeNews) - Serbia's government will extend the cap on petrol and diesel retail prices at least until the end of April, local media reported.
After that, the cabinet will weigh its options to find a solution acceptable to both fuel retailers and consumers, the Novosti daily reported on Tuesday.
On February 10, the government capped the retail price of Euro diesel and Euro premium petrol 95 at 179 dinars ($1.66/1.52 euro) and 171 dinars per litre, respectively, to mitigate the impact of the surge in global oil prices on living standards. The measure remained in place for 30 days.
On March 11, the cabinet lowered the excise duty levied on petrol and diesel purchases by 20% for a period of 30 days. The maximum price of motor fuels during that period has been determined on a weekly basis and announced every Friday at 3 pm.
In the latest update, the prices of Euro diesel and Euro premium petrol 95 were set at 197 dinars, and 175 dinars per litre, respectively.
(1 euro = 117.706 dinars)