'Oil should have been under 200 ALL per liter', Confindustria criticizes the board of 'Ceti': Devastating consequences for citizens

2022-12-05 08:59:23Biznes SHKRUAR NGA REDAKSIA VOX

Confindustria has criticized the decisions taken by the Transparency Board on the price of fuel, stressing that the current price for oil should be at least below the level of 200 lek per liter, taking into account the value in world markets.

In the reaction made by Konfindustria, it is said that the prices are the highest in the region and that they have devastating consequences for business, citizens and the national economy.

Confindustria expresses repeated concern about the way the decisions of the Fuel Board are made, clearly contrary to the public interest with the highest prices in the Region and the obvious downward trends of the world markets. The high nominal and absolute fuel prices have long-term devastating consequences for business, citizens, the national economy, and encourage massive smuggling, which can amount to over 300 million euros/year.

A clear example of the above are the decisions made in the first week of December 2022. Evaluating world market prices closely with the beginning of the year, today the "diesel" product should be at least below the level of 200 ALL/liter from 209 ALL / liter decided by the Board" - it is said in the reaction made by Konfindustria.
According to Confindustria, what stands out is the immediate reaction of the Transparency Board in the case of an increase in the price in the world markets by increasing it immediately, while in the case when there was a decrease, there was an extension of time to make a decision.

"The immediate decisions of the Board in the event of an increase in fuel prices in the world markets and the extension of time in the event of a decline are noteworthy. Also, price increases in absolute value are much stronger than corresponding decreases. Specifically, in the last decisions within two days, the Board initially increased the price of "diesel" by 8 ALL/liter and reduced it by 5 ALL/liter with a final increase of 3 ALL/liter. Meanwhile, world and regional market prices are clearly decreasing.

Konfindustria has requested the establishment of the Fuel Regulatory Body under the Albanian Parliament and composed of professionals. The Fuel Board has members with a clear conflict of interest. Half of the decision-making members are precisely representatives of the entities that should be subject to control" - added in the reaction.

Two days ago, the Transparency Board determined the new prices where there was a reduction of 5 lek for the price of diesel and 8 lek for the price of gasoline. As of December 3, oil is traded at 209 ALL/liter from 214 before. While gasoline is sold at 187 ALL/liter from 195 ALL/liter. The price of gas has not changed. These awards remain in effect until the next meeting of the Transparency Board.