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BREAKING NEWS

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BREAKING NEWS

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BREAKING NEWS

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BREAKING NEWS

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BREAKING NEWS

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here are the new "non-women" deals with the prime minister to block arrests

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BREAKING NEWS

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BREAKING NEWS

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Aktualitet

Fuel prices on the stock market reach pre-war levels, what is happening in Albania?

Fuel prices on the stock market reach pre-war levels, what is happening in

The price of oil in the international markets drops significantly. It is even reaching its lowest level since before the Russian invasion of Ukraine. Today on the stock exchange, a barrel of oil is sold at $92.24, and the decrease has been going on for several days.

Despite the continued decline in the stock market, our Transparency Board, established to set wholesale and retail fuel price ceilings, is not making any changes. On August 11, the board announced the increase of oil by 5 Lek. Until this date, oil in our country was traded at 216 ALL/liter, but since 18:00 that day, oil is traded at 221 ALL/liter.

In their latest announcement, the board took care to "clarify" the public opinion, that not every movement of the crude oil exchange is reflected at the same time and to the same extent in the diesel and gasoline exchange. According to them, the calculations are made based on a formula that takes into account the purchase price on the stock exchange, taxes, operating costs, profit margin, the exchange rate of the dollar (the currency with which oil is bought on the stock exchange).

But once again, the board's calculations and formulas have shown that they are not in line with what happens in the international markets, as Albanians continue to buy oil at a higher price than it really should be. When it grows up, the decision will be made immediately!