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The final decision comes / The board changes prices in the country again, here is what is happening with oil
Written by SOT.COM.AL 23 Qershor 2022
The Transparency Board has set new fuel trading prices in the country. From the last decision, a liter of oil will be traded at 258 ALL, from 261 ALL previously traded.
The price of gas is also slightly decreasing. The retail price of the gas by-product will be 83 ALL / liter, or three ALL less than it was.
The price of gasoline has risen slightly. A liter of gasoline will be 239 ALL in retail outlets.
For the entire 5-month period, oil imports fell by 6% and the whole phenomenon was concentrated in the last three months of March-May, after the start of the war in Ukraine.
According to official data from the Ministry of Finance, oil imports in May marked about 44 thousand tons, from more than 54 thousand tons in the same period of 2021, down 18%. This was the strongest decline compared to the previous two months.
Market operators claim that consumption is falling every day. The difference from Shkodra to Montenegro is almost one euro and many cars are supplied across the border (even with other border countries, except Greece, there are high price differences per liter of oil). Even weekend tourism is not affecting the increase of consumption, as everyone comes with full cans and expectations are low even for the summer season. Operators say that if oil were eased by taxes, at least for the three months of the summer, it would reduce prices, while the state would be able to compensate by increasing consumption, reducing evasion, while maintaining the countries of work at gas stations that under current conditions risk bankruptcy.