Oil prices fall on international markets, but remain among the most expensive in Europe in Albania

Crude oil prices have fallen for the fourth consecutive day in international markets, while signals of more stable supplies have eased concerns about an immediate disruption of exports from the Middle East.

European Brent crude traded around $101.70 a barrel, while West Texas Intermediate, WTI, was around $98.20. The decline comes as Saudi Arabia's exports recovered to over 4 million barrels per day in September, easing pressure on markets.

Geopolitical developments have also affected investor expectations. Recent reports suggest China's diplomatic efforts with Iran to curb Houthi militant attacks in the Red Sea have raised hopes of a reduction in tensions and stabilization of supplies.

However, the international picture contrasts sharply with that in Albania.

In the domestic market, a liter of diesel is sold for around 219 lekë, or approximately 2.40 euros, ranking Albania among the countries with the highest fuel prices in Europe.

The difference becomes even more apparent when the price is compared to citizens' incomes. In Albania, a liter of diesel represents about 3.56% of daily income per capita, calculated according to purchasing power, the highest level in Europe.

In Denmark, where a liter costs around 2.60 euros, the weight to income is around 1.06%, while in Norway it drops to 0.8%. The European average is around 1.36%, while for European Union countries it is around 1.14%.

Albania also ranks high in the region. Kosovo follows with about 3.1% of daily income, while the share is lower in North Macedonia and Montenegro.

Part of the price at the pump is also related to the fiscal burden. In addition to excise duty and VAT, Albania applies a circulation tax of 27 lek and a carbon tax of 3 lek per liter.

Thus, while international markets are seeing a relief in oil prices after four days of decline, the Albanian consumer continues to face one of the highest costs in Europe, both in absolute value and in relation to income.

And despite the fact that the price has exceeded predicted levels, no new relief measures have been taken for consumers so far.

Po ndodh...

18:00 FJALEKRYQI

Skemë kampionësh 21 shtator

16:28 FJALEKRYQI

Sports schedule September 21

15:21 POLITIKË

5 hours in SPAK locked in, Igli Tare 'locks' his mouth: I declared everything I had there

15:15 AKTUALITET

Scandal in Klos! The 40-million-euro bridge built by “Bajrami N sh.pk” collapses 10 days after its inauguration

15:11 KOSOVA

Dënimet jo më shumë se 15 vjet dhe transferimi i rasteve në Kosovë, çfarë parashikon projektligji i PDK-së për Specialen?

14:56 POLITIKË

Judges and prosecutors sue the Assembly in the Constitutional Court, demanding the repeal and suspension of the new law on salaries

14:41 POLITIKË

Balla sued for defamation, GJKKO dismisses Berisha case

14:27 SPORT

Cole Palmer misses England! Injury spoils striker's return to the Three Lions

14:25 BOTA

Typhoon Dujuan brings massive flooding to Japan, authorities order evacuation of 1.9 million people

14:05 EKONOMI&SOCIALE

Violation of sanctions against Russia/International NGOs call for investigation of Raiffeisen

14:03 SHOWBIZ

J Balvin dhe Valentina Ferrer i japin fund lidhjes pas gati një dekade

13:45 AKTUALITET

“Çmontohet” Policia e Sarandës/ Pas ekzekutimit në zemër të qytetit, Demo shkrin zinxhirin komandues, Task-Forcë për sagën e vrasjeve

13:41 AKTUALITET

Vrau gruan në gjendje të dehur, Hysni Patushi përfundon në QSUT! Gjykata vendos masën e arrestit

13:32 SPORT

Xhaka rrezikon deri në 5 vite burg për certifikatën e COVID-it/ Pas pranimit, çfarë e pret para drejtësisë zvicerane

Dua të lexoj më shumë lajme