Trade margins set for oil products

With a view to consumer protection, protection of competition, and to ward off market disorders, the Ministry of Industry, Trade and Trade Ministry has announced that it has made a decision on setting prices and other safeguards of oil products.

Under that decision, the allowed maximum trade margin of the majority sale is two euro cents per litre, while the maximum retail market margin is twelve euro cents per litre.

The maximum commercial marja allowed for sale in large quantities, and the minority is done according to Article 4 paragraph 1.1 and 1.2. of U/A No. 03/2022 For the Renewable Oil Products and Fuels Prices and the Other Protection Measures. This decision goes into effect tomorrow and remains in force for thirty days,”, the ministry reports.

According to the announcement, monitoring the implementation of this decision is made by the Central Market Inspectorate in co-operation with Customs and Tax Administration.

MINT reports that the Central Inspectorate of Market Monitoring, the next few days, will intensify market supervision even in terms of the quality and quantity of oil products.

The Ministry of Industry, Intervention and Trade has indicated that from regular monitoring of the market of oil products and based on daily evidence accepted by Kosovo Customs regarding the prices of supply/import of oil products, as well as the Market Inspectorate's report regarding the retail prices of oil products, there have been non-recognition of local prices with major price movements on the world market, which constitutes the basis for price fixing and setting up other safeguard clauses.