"Lowest fuel prices in the region" - North Macedonia, Minister Bozhinovska assures: Stable supply
"The fuel supply in North Macedonia is stable and the country, despite the price increase, has the cheapest fuel in the region," said Energy Minister Sanja Bozhinovska. Market inspectors in over 300 inspections have found that all traders have five days of legal operational reserves. She assures that state reserves are also stable and have enough to cover about 62 days of the needs of citizens and the economy.
The Minister assures that if global pressures continue, all mechanisms will be used to protect the standard of living of citizens. There are available reductions in excise duties on fuel up to 4 denars and VAT on the purchase of products. The Minister believes that citizens are not harmed by the new Regulation, according to which prices are changed once a week on Monday, and not as before when there were changes on world stock exchanges. She says that so far there has been only one increase.
The Energy Regulatory Commission sets the prices and the ministry does not intervene. On Monday, the Commission increased fuel prices by an average of 14.27%. The price of oil increased by 14.5 denars, after the barrel on world stock exchanges exceeded 100 dollars. The Energy Regulatory Commission should announce the new prices on Monday, but what is worrying is that prices on world stock exchanges in the last two days again exceeded 100 dollars per barrel, after previously there was a drastic decrease and up to 85 dollars per barrel.
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