Exactly at 10:00 PM, when the international oil market closes, the trend of fuel prices for the next day in Kosovo is determined.
While it is awaited how prices will move after this moment, citizens in Kosovo are facing the current prices, which, according to them, have risen quickly and remain high compared to their incomes.
The head of the association, Fadil Berjani, says that despite recent fluctuations, Kosovo citizens are supplied with some of the lowest prices in the region, except for North Macedonia, which has a lower fuel excise.
Berjani emphasizes that only North Macedonia has lower prices, due to its smaller excise tax.He added that the price increase is linked to global developments, especially after the US–Israel attacks in Iran.
“The rise in fuel prices is due to the war in Iran. The global situation here is the reason… President Trump sets the prices and determines how the situation will be worldwide regarding fuel. This crisis is global… At the moment, the trend is downward, it’s not exact, the market closes at 22:00, and then at 22:00 we know what prices we will have for tomorrow,” Berjani emphasized.
“Every time, markets and big supermarkets are linked to oil, as if oil has risen and prices have risen. I appeal and believe they should understand that oil is falling, oil is going down, but prices in supermarkets are not falling, this is a very big problem… Also, the rise in bus tickets, I think they have reasons, but no rush, because the trend is down, I believe fuel prices will reach the proper level,” Berjani said.
Citizen Edan Bregubuca says prices must drop because they are unaffordable for many families. He even mentions having to avoid some trips by car.
“Prices must drop, given the possibilities we have in Kosovo, salaries are too low. Everything we do is bad for us… I think (it was hasty to raise prices), here there’s also some propaganda that people could barely wait for prices to rise a little. The car is also a necessity… We have no choice but to avoid trips we’ve made that were unnecessary because of the price,” he said.
“Prices have risen very fast. But what can we do… They are very high… Very quickly they went up… Trump declared something, but do they listen here… conditions here,” he said.
Citizen Fatmir Zogiani raised concerns about price differences between different fuel stations, saying that in some cases prices are being abused.
Meanwhile, the Ministry of Industry, Entrepreneurship, and Trade announced that institutions are monitoring the fuel market to prevent unfair trade practices and protect consumers. According to them, the Central Market Oversight Inspectorate, operating within the Ministry, is carrying out intensive monitoring of the fuel market to enforce the decision on temporary price regulation.
The announcement also states that the maximum allowed trade margin for wholesale is up to 2 euro cents per liter, while for retail, up to 12 euro cents per liter.
Meanwhile, oil prices in the market fell on Tuesday after US President Donald Trump warned Iran not to block a crucial shipping route for global energy supplies.
Oil had reached nearly $120 per barrel on Monday due to fears that the US-Israel conflict with Iran would cause long supply disruptions from the Middle East, but it dropped after Trump suggested the war could end soon.