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Voxpress:

Why does North Macedonia have the lowest fuel prices in the region?

2026-03-14 21:33:02Kosova&Bota SHKRUAR NGA REDAKSIA VOX

"Fuel supply in North Macedonia is stable and the country, despite price increases, has the cheapest fuel in the region."

This was stated by the Minister of Energy, Sanja Bozhinovska. Market inspectors in over 300 inspections have found that all traders have five days of operational legal reserves.

It ensures that state reserves are also stable and have enough to cover about 62 days of the needs of citizens and the economy.

The Minister assures that if global pressures continue, all mechanisms will be used to protect the standard of living of citizens. Excise duty reductions of up to 4 denars on fuel and VAT on the purchase of products are available.

The Minister believes that citizens are not harmed by the new Regulation, according to which prices are changed once a week on Monday, and not as before when there were changes on world stock exchanges. She says that so far there has only been one increase.

Prices are set by the Energy Regulatory Commission and the ministry does not intervene. On Monday, the commission increased fuel prices by an average of 14.27%. The price of oil increased by 14.5 denars, after a barrel on world stock exchanges exceeded $100.

The Energy Regulatory Commission is expected to announce the new prices on Monday, but what is worrying is that prices on world stock exchanges in the last two days have again exceeded $100 per barrel, after previously falling drastically to as low as $85 per barrel.


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