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The global crisis of rising prices of fuel and other products has affected Albania for days.
The war in Ukraine has clearly affected Albania as well. Record prices in recent days have caused concern among citizens. The fact is that the price of oil on the international stock exchange has risen in recent days.
And this, as usually happens, is also reflected in Albania. However, the stabilization of international markets has begun to bring changes in the price of fuel in our country. From today onwards, the value of one liter of fuel in the market will be oil 223 ALL, gasoline 245 and gas does not change. But an observation in the capital verifies that not all points have this price. Various companies like EIDA have the price of oil at 239 lek per liter. Economics experts explain this phenomenon with abuse.
“One is one of the highest taxes. The other element is where we have few importers of raw materials, ie fuels. And they have quite a bit of power in setting the price which I meant to fluctuate a lot not because of the international price of the barrel. Within Albania there are fluctuations that depend on these importers and not on the stock market price. Is this fair in economics? “The law does not prevent us from having price fluctuations, but state institutions must record the fluctuations and this must be reflected in the taxes they pay.”says Mateo Spaho.
The head of the Hydrocarbons Association says these different prices translate into fair trade relations.
“We need to understand that commodity exchanges come out of supply every day, that is, from coastal deposits. While fuel sanctions mix the price between what they can afford and what they get where the average price comes out. This is the price that varies from table to table because the new supply is not in the same condition as it was at the previous price“, Says Luigj Aliaj.
According to economics experts, the increase in oil prices was immediately reflected in gas stations, but this did not happen when the price of fuel fell.
“The increase in the price of fuel is reflected once more in the market and even by a percentage higher than it really is in the stock market. It also happens when the price of fuel goes down where the reduction happens later and at a smaller percentage. Authority should investigate as we are in oligopoly conditions“, Says economics expert Romina Radonshiqi.
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