After several days of increases, the retail price of diesel in Albania fell sharply this evening. According to observations made this evening, several of the country’s main fuel retailers lowered the price of diesel from 214 lek to 199 lek per liter, bringing it below the 200-lek threshold for the first time in several weeks.
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The move comes as international markets have begun to reflect a decline in oil prices following the sharp increases of recent weeks, which were quickly passed on to the Albanian market.
The development has brought renewed attention to how the market operated from March to June of this year, when the Transparency Board was activated due to sharp fluctuations on international exchanges. During that period, maximum fuel prices were set by the Board, while compliance by operators was monitored on the ground.
Unlike during that period, this evening’s reduction is not the result of an administrative decision but has been implemented directly by operators at retail outlets, in line with the latest developments in international markets.
It remains to be seen whether the government will decide to reinstate the Board.
