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Oil price hikes return/ Price reaches 188 lek per liter

2026-07-10 16:53:36, Ekonomi CNA

Oil price hikes return/ Price reaches 188 lek per liter

The escalation of the conflict in the Middle East has once again led to an increase in fuel prices for the domestic market.

At gas stations in Tirana, the price of diesel has reached 188 lek per liter, up from 176 lek per liter in mid-June, when the government decided to suspend the functioning of the Transparency Board for monitoring fuel prices. The price of diesel has increased by 12 lek per liter.

Gasoline has also increased, trading at 184 lek per liter, up from 166 lek per liter, which was the price set by the Transparency Board's latest decision. An increase of 18 lek per liter.

Escalating tensions in the Middle East have reignited concerns about global oil supplies, adding to the risk in international markets. As a result, the price of Brent Crude oil has reached 76 USD per barrel today, from 71 USD per barrel at the beginning of the week.

In mid-June, the Minister of Economy and Innovation, Delina Ibrahimaj, announced the government's decision to suspend the functioning of the Transparency Board, arguing that fuel prices had been falling for two consecutive weeks.

The Transparency Board was established on March 23, 2026, at the height of the fuel price crisis following the outbreak of war in the Middle East. With its first decision, the price of oil was reduced from 214 lek to 203 lek per liter. However, after objections from importers, who warned of supply disruptions, just two days later the Board increased the price to 218 lek per liter.

In addition to creating the Board, the government also intervened with a normative act that provided for a 20% reduction in excise duty in cases where the price of diesel exceeded 220 lek per liter and that of gasoline exceeded 200 lek per liter.

According to the Minister of Finance, Petrit Malaj, this measure has only been implemented twice, with a financial effect of around 37 million lek, or approximately 390 thousand euros./Monitor 





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