Serbia to cut excise duties on crude oil, President Vucic says

ReutersMar 20, 2026 11:20 AM

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BELGRADE, March 20 (Reuters) - Serbia will cut excise duties on crude oil to calm the local market and offset the effects of the Israeli-U.S. war on Iran, country's President Aleksandar Vucic said on Friday.

"We will do it even at the cost of losing (state) revenues," Vucic told a news conference in Belgrade.

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