5 minutes agoHow much oil costs in Kosovo and in other states
Periskopi(4 years ago)
(4 years ago)The price of oil derivatives on Kosovo's market has again marked increases, despite the international stock market that has marked reductions. Oilmen's representatives argue because the import of this product by commercial and supply companies was purchased earlier, at higher prices. In Kosovo, on March 31, a liter [...]
Oilmen's representatives argue because the import of this product by commercial and supply companies was purchased earlier, at higher prices.
In Kosovo, on 31 March, a litre of oil has been sold to 1.69 euros, meanwhile, gasoline to 1.59 euros, depending on the economic operator and location. The price of this product had marked a decline of up to 1.49 euros.
At current prices these products have been sold even on March 8th, when oil processed on the international stock market has been $130 per power.
However, crude oil Brant, which is used as an international reference point, has dropped to about $106 per barrel on March 31st.
The Ministry of Industry, Intervention and Trade (MINT) on Wednesday has said that synchronising oil price hikes leaves space for doubt in orchestrating price growth. They have added that authorities are inspecting the ground.
How much is oil in other countries?
The retail oil price in Albania's market is 1.95 euros, while the 779-euro gas station.
The cheapest fuel prices are on the northern Macedonian market. A litre of oil costs 1.42 euros, while fuel costs 1.39 euros.
Kosovo does not have its own refinery, and it imports fuel from other countries.
According to data from the Kosovo Statistics Agency, over 410m litres of oil were imported to Kosovo last year. Gas derivatives are not included in this figure.
Between February 24th and March 8th, about 31 million liters of fuel have been imported to Kosovo, mostly from Saudi Arabia, and then from northern Macedonia, Greece, Turkey and other countries.
The world's price of oil in three countries costs less than a cent
According to a list of average oil prices in countries around the world, some Balkan states are listed among the countries where a litre of oil is very expensive.
According to average oil prices published by GlobalPerol Prises.com, up-to-date on February 28, 2022, a liter of oil does not cost a cent in three countries in the world. Kosovo is not included on the list, writes Express newspaper.
The average price of oil worldwide is estimated to be around one euro per litre. There are considerable differences in oil prices among the countries. Of course, in countries that produce and export oil, prices are very low.
In Iran, a liter of oil costs an average of 0.009 cents; in Venezuela, 0.02
A cent, while in Libya, 0.059 cents.
