TIRANA, Oct 7 /ATA/ The Transparency and Temporary Price Limitation Board today set new retail prices for fuel, capping the price of diesel at ALL 210 per litre and petrol at ALL 190 per litre, a reduction of ALL three per litre for each.
At its second meeting, held pursuant to the Council of Ministers’ decision declaring a special situation in the hydrocarbons market, the Board set the wholesale price of SSH EN 590-standard diesel at no more than ALL 198 per litre.
Meanwhile, the maximum wholesale price for SSH EN-standard petrol has been set at ALL 178 per litre.
The new prices take effect today, 7 October, at 11.30am and will remain in force until the Board’s next meeting, when market developments will be assessed and new retail prices set.
The Board warned wholesale and retail fuel operators that they are required to comply with the decision. Operators found to be in breach could face suspension of their activities.
The decision was adopted under the legal framework governing the processing, transportation and trading of oil, gas and their by-products, as well as the Normative Act amending the excise duty law.
The Ministry of Economy and Innovation, the Ministry of Finance, and the Ministry of Infrastructure and Energy are committed to protecting consumers’ interests and ensuring fair competition in the market.
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