TIRANA, September 16 /ATA/ – The government decided today to reactivate the fuel price Transparency Board after fuel prices remained above 222 lek per liter for more than two weeks.
Minister of Economy and Innovation Delina Ibrahimaj emphasized that this step is being taken in implementation of a prior normative act.
According to her, whenever the fuel price exceeds the 220-lek threshold, a procedure to reduce excise duty is triggered in order to lower the price for citizens.
The minister explained that the only legal way to activate this relief mechanism was precisely by re-establishing the Transparency Board.
“Given that the price has remained at the level of 222 lek per liter for over two weeks, and given that we previously adopted a decision via a normative act—stipulating that whenever the price exceeds 220 lek, we would activate a mechanism to reduce excise duty in order to lower fuel prices—the only way to trigger this mechanism was to re-establish the Transparency Board,” she said. Ibrahimaj added that, “We will begin continuously monitoring fuel prices in compliance with the relevant legislation regarding price margins.” /p.s./
