The government makes the decision to regulate oil prices

The government makes the decision to regulate oil prices

At today’s meeting of the executive, the draft administrative instruction on regulating the prices of petroleum products, renewable fuels, and other protective measures was approved, through which the maximum allowed price for fuel will be determined.

“The instruction in question is made in order to protect consumers and competition,” said the Minister of Industry, Entrepreneurship and Trade, Rozeta Hajdari. “Based on the data possessed by the ministry, there are non-adjustments of local prices compared to the movements in the world market”, added Hajdari.

According to her, this is one of the reasons when the government can set the maximum allowed price.

However, the government has not disclosed a figure for this.

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