The government asks oil companies: Be careful with reserves/ Ibrahimaj: We are monitoring the market daily, that's why we have high prices
Economy Minister Delina Ibrahimaj does not rule out the possibility of reducing oil taxes, and more specifically excise taxes, to reduce the final price. While speaking about the situation created in the fuel market as a result of the Middle East crisis, she said that currently attention is focused on monitoring abuses by fuel wholesale and retail companies, but depending on the course of the crisis, further measures may be taken.
Meanwhile, Ibrahimaj confirmed that companies have created a strategic reserve according to the legislation in force.
The price is determined by taking as a reference the oil prices on the international Platts exchange, to which are added the costs of transportation, taxes and profit margins for wholesale and retail trading companies. Currently, for one liter of oil, citizens pay about 27 lek in circulation tax, about 40 lek in excise duty, 3 lek in carbon tax, as well as several other fees such as relicensing tax, branding concession and fuel scanning. In total, from these taxes alone, the price of one liter of fuel includes about 80 lek. When this price is added to 20% Value Added Tax. Meanwhile, asked by TV SCAN about the prices of basket products, which may be affected by the increase in fuel prices, the minister said that in this regard too the market is being monitored, although it is demand and supply that dictates prices.
USA, law to reduce housing prices - The American market lacks 4 million new homes
Republicans and Democrats in the US Congress are backing legislation to encourage more affordable housing, in a rare example of bipartisan action on a......
The consequences of the conflict, Spain is the only one in the EU that is coping - Cheap bills thanks to investments in renewable energy
The Iran war has plunged the world into an energy crisis overnight. The closure of the Strait of Hormuz and reduced energy exports to the Middle East have......
New port in Porto Romano, bidding company withdraws/ Karakaçi: Due to economic costs, political reasons will not stop the project
The bidder for the construction of the new Commercial Port in Porto Romano has withdrawn for economic reasons. Speaking to the media after the government......
Meeting with Commissioner Kos in Brussels, Minister Hoxha: Albania's progress is reflected in comprehensive reforms
Following his first official visit to Brussels as head of Albanian diplomacy, the Minister for Europe and Foreign Affairs, Ferit Hoxha, met with the......
Oil price map, how does Albania rank? Global markets push prices up. Some countries intervene to curb price hikes
Oil prices in international markets continue to remain at high levels, reflecting tensions and uncertainties in the global energy market. According to the......
"Over 24 thousand inspections during 2025" - Sula presents the reform plan of the State Health Inspectorate
Inspector General, Dashnor Sula, held a roundtable discussion with the regional inspectorates of the State Health Inspectorate. The discussion focused on......
Where to invest your savings in March? - Slight increase in interest rates on 12-month bonds in the latest auction
The interest rate on 12-month treasury bills has increased slightly in the most recent auction. In the auction on March 10, the average interest rate for......
New rules for the American Lottery: Passport becomes mandatory and application fee is added
The popular American Lottery program will see significant changes starting with applications for DV-2027. The United States Department of State has published......
