Set “tavani” for derivatives, at this price will be sold from today

Under this decision, the maximum commercial margin allowed in abundance is two cents per litre, while the maximum allowed retail price of 12 cents per litre of oil.

In reasoning on this decision, it is said that “M The INT has monitored the oil products market and supply prices from import. Based on the Market Inspectorate report, the price inconsistencies in Kosovo have been recorded compared to the movements on world markets”.

“This provides a reason for fixing prices and setting other safeguard clauses”, the decision says.

This decision will be in effect in 30 days.

Currently, on the Kosovo market, a liter of oil costs up to 1.80 euros, while a litre of gasoline is up to 1.50 euros.

The Kosovo government, in June, had decided on setting the ceiling price only for oil derivatives.

Their price ceiling was set every 24 hours.

Oilmen in Kosovo on June 9th had asked Kosovo Prime Minister Albin Kurti to preserve the free market economy and to have minimal margins (the maximum price) saved -- for sale of 3 per cent and retail by 12 per cent.

Even in March, the Government of Kosovo has made a decision to determine the maximum sales prices, or retail and majority trade margins. According to this decision, the highest trading margin was up to 4 percent of the sale price, while the highest margin among retail vendors was 6 percent.

Prices and demand for oil have increased in international markets following Russia's military intervention in Ukraine. /Periscopi/