# Fuel price increases impacting aviation and transport

> Live situation record from CLSTR: https://clstr.news/situations/fuel-price-increases-impacting-aviation-and-transport
> Updated: 2026-08-20T04:35:01.000Z. Sources: 17. Developments: 2.

Rising fuel prices, driven by conflict in Iran and geopolitical instability, continue to impact the transportation and aviation sectors. Wizz Air reported a net loss of approximately €198 million for the quarter ending June 30, 2026, as fuel expenses rose by roughly 21%. In response, low-cost carriers like Wizz Air and Ryanair are restructuring European operations, closing bases in Vienna, Belgrade, and Berlin to shift toward more cost-effective locations.

Fuel price volatility is intensifying across the Balkans due to record-high refinery margins. In Serbia, the government has increased maximum retail prices for Eurodiesel to 231 dinars and gasoline to 202 dinars per liter, while extending the price cap decree for an additional 60 days. To mitigate economic pressure, the Serbian Ministry of Finance announced a nearly 981 million euro support package for citizens, with specific payments for pensioners and social aid recipients scheduled for September.

In Bosnia and Herzegovina, diesel prices have reached 3.44 KM per liter in Banja Luka. Local distributors attribute these climbs to rising refinery prices linked to Middle East instability. Furthermore, concerns have emerged regarding a new fuel marking system in Bosnia and Herzegovina, which is estimated to be six times more expensive than the equivalent system in Serbia, potentially adding significant costs to consumers. The country continues to manage a significant trade deficit, which reached 8.07 billion KM for the first seven months of 2026, driven largely by increased imports from China.

## Claims

- The maximum price for Eurodiesel in Serbia is 231 dinars per liter, and for gasoline, it is 202 dinars per liter. (corroborated by 4 sources)
- Fuel prices in Serbia increased by two dinars per liter for both Eurodiesel and gasoline compared to the previous week. (corroborated by 4 sources)
- Fuel price increases in Banja Luka are driven by rising refinery prices influenced by geopolitical tensions in the Middle East. (corroborated by 4 sources)
- The Serbian government extended the decree on maximum retail prices for oil derivatives for an additional 60 days. (corroborated by 3 sources)
- In Banja Luka, diesel prices reached 3.44 KM per liter and gasoline reached 3.02 KM per liter. (corroborated by 3 sources)
- Bosnia and Herzegovina recorded a foreign trade deficit of 8.07 billion KM in the first seven months of 2026. (corroborated by 3 sources)
- Fuel marking in Bosnia and Herzegovina is estimated to cost 38.82 KM per 1,000 liters including VAT, which is six times more expensive than in Serbia. (corroborated by 2 sources)
- The total value of announced citizen support measures in Serbia has increased to 980.6 million euros. (single source)

## Timeline

### 2026-08-20: Fuel prices rise in Serbia and Bosnia and Herzegovina

Fuel prices are rising in Serbia and Bosnia and Herzegovina due to global market shifts. Serbia also announced a 981 million euro citizen support package, while BiH faces a large trade deficit.

17 sources. https://clstr.news/cluster/fuel-price-increases-impact-transport-and-airline-strategies

### 2026-08-06: Wizz Air posts €198 million loss as fuel costs surge

Wizz Air posted a €198 million loss for Q2 2026 as fuel costs rose 21%, revenue grew 5.5% to €1.51 bn, and shares fell about 5%. The airline expects further seat‑kilometre revenue decline and cites upcoming‑yr

11 sources. https://clstr.news/cluster/wizz-air-reports-198m-loss-and-q2-sales-dip-amid-soaring-fuel-costs

---
Cite as: Fuel price increases impacting aviation and transport. CLSTR, https://clstr.news/situations/fuel-price-increases-impacting-aviation-and-transport