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Before the Russia-Ukraine war started, when in our country oil was sold for about 180 lekë on average, to fill the car full of payments about 5 400 lekë.
Whereas today, when the price of oil has exceeded 220 lek per liter, I pay for the same amount 1,200 lek more, ie almost 6,600 lek from the strong increase in fuel prices. “
But in the span of two days, prices have changed again. Citizens will buy 12 lek more expensive on Wednesday, as with the new decision of the Board oil increased to 233 lek by March 25.
The board justifies this increase with stock market fluctuations, as according to him since March 16 the price of oil per ton has increased by 231 dollars.
For prices to return to pre-war levels according to expert Pano Soko, the stock market needs to drop to around $ 80 a barrel. Otherwise he adds, no board decision will manage to keep them low as long as no tax intervention is made.
“The price of oil will not decrease if all the components of the oil price are the same. The government was asked for a low oil price and a low oil price. This level of price so high will never go down if we do not intervene in taxes. If we do not reduce taxes, the price does not decrease because the stock market does not move because we do not have it in hand. For the pre-war levels, I consider the level of diesel 180 lekë per liter, Brent stock exchange, so what we see as a reference should go to 70-80 dollars per barrel in order for the price to return to the order of 170-180 lekë that we have had before. ”
Gasoline also increased by 7 lek this Wednesday, but despite the increase, it is being sold cheaper than oil since Tuesday, reaching 218 lek. Soko explains this price reduction with the increase in gasoline stocks.
“Although there is a historical trend that oil is always below gasoline also due to costs, of course stocks may have influenced the price of gasoline to be slightly cheaper as more gasoline stocks have been collected than oil and supply-demand has affected the stock price of derivatives. These are anomalies that occur from time to time, but will return to normal again.”
For almost a week, oil on international stock exchanges has exceeded 100 dollars per barrel and if this increase continues, oil will hardly go down below 200 lek per liter in our country.
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