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Rising prices, fuel imports to Albania suffered a significant decline

2026-05-27 16:56:34Biznes SHKRUAR NGA REDAKSIA VOX

Fuel imports in Albania have decreased during April 2026, with the main impact being related to the increase in prices in international markets as a result of geopolitical tensions and the war between the US and Iran.

According to data on main excise goods, 52,050 tons of fuel were imported into the country during April, down from 60,770 tons that were imported in the same period in 2025. This translates into a decrease of about 14% on an annual basis, Euronews reports.

A decline was also recorded in the total for the first four months of the year. From January to April 2026, 207,718 tons of fuel were imported, while in the same period a year earlier, 219,448 tons were imported, or about 5.3% less.

Experts link this contraction to high oil prices on global markets, affected by tensions in the Middle East and the closure of the Strait of Hormuz during the US-Iran clash.

In April, oil prices remained at high levels, as negotiations for an agreement between the parties failed to yield concrete results, keeping uncertainty high in international energy markets.

Meanwhile, the situation has partially changed in May. The ceasefire between the US and Iran, as well as signals of a possible agreement, have led to a drop in oil prices below $100 per barrel and an increase in Asian stock markets.

Although Albania is not directly affected by activity in the Strait of Hormuz, developments in the global economy are reflected in fuel prices and consumption in the domestic market.

An agreement that would guarantee the full reopening of Hormuz is expected to stabilize markets and increase demand for fuel.


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