Many indicators show that the Fuel Price Board in Albania is favoring the oil companies and not the citizens, such as the delay in reducing the price, when oil is being devalued on the stock exchange.
This decrease has happened several times since when the board lastly decided on November 12 the price of 223 lek per liter.
In neighboring North Macedonia, the oil supervisory body lowered the price twice on November 14th and two days later to a total of 10 lek, while gasoline has been reduced by 5 lek.
Currently, the price of oil across the border is 175 ALL.
In the neighboring country it is argued that the new lowered prices come as a result of the reduction of prices in the world markets as well as the weakening of the dollar in the exchange markets.
This was the announcement of the board in North Macedonia, which today set a 2 percent reduction compared to November 14, and this is the reason that the price for citizens will decrease again.
While the Albanian board has kept the price of oil unchanged since November 12, even though the price has fallen on the stock market. With this delay of several days, the board has favored the oil companies which are buying cheaper stock exchange and selling more expensively.
The minister has said that the board has reduced the profit margins for the companies, but since November 14 these margins have been enlarged and the board at the Ministry of Finance is not looking at them.
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