Raised oil prices in Kosovo is inevitable

But in addition to this slight growth, there is expected to be even greater oil growth in the coming days and weeks.

Kosovo Oil Association Chairman Fadil Berjani has indicated that the rise in the price of oil will be pronounced and that will happen because of the international price increase.

Asked whether there would be rapid growth, he has said it is expected to be seen when it will occur, but he is confident that it is inevitable.

“will have significant growth because there have also been price increases in the EURZE and production organisation O PEC and we depend directly on the price of oil production because that's fixed by B. ERZA. Prices have also increased in recent days to more import, but with fewer. In the next few days, there will be a sharp increase.”, Berjani told the news.net.

According to Berjan, despite price hikes expected to occur, Kosovo compared to other countries in the region is supplied with the cheapest prices of oil derivatives.

“> in Kosovo now roughly the prices range from 0.88 and 0.089 cents per litre, while in Albania, Diesel is offered 1.24 euros, while gasoline is at 1.25 euros, but this price will mark the rise in Kosovo soon. Kosovo's citizens reinvigorated with cheaper prices in the region”, Berjan said.

Asked by the news.net what the consistencys of this price increase will be considering the economic situation created after COVID-19, Berjan claims that even gas stations are damaged.

The fuel stations are currently working with 50-60 per cent of capacity due to pandemic”, Behrani said.

After the rise of coronarys around the globe, prices have suffered marked declines that have been observed in Kosovo, where prices have dropped by up to 70 cents per litre.

Berjan has also indicated that the quality of oil is controlled but that it must be higher than the current one where 6 percent of imports manages to be controlled.

The “Dogana of the Republic of Kosovo controls quality and we have two other labs authorised by the Ministry of Trade and Industry. Quality control is done somewhere at 6 percent during import, but it should be higher and not satisfied.

According to information pertaining to news.net, during June, the price of oil is expected to rise to over 1 euros, when in recent times the price had dropped by up to 30 cents below 1 euro.

On the other hand, businesses that exploit oil and its derivatives to exercise their economic activity have often complained that high prices are very bad when prices are high.