Israel War Iran affects Kosovo oil prices, that's how much it costs

And at another pump in Fushe Kosovo a litre of oil is 1 euro and 22 cents.

But these awards are expected to be established soon.

This has been warned by the oil company, all behind the tensions that have started between Iran and Israel, Periscope.

Oil prices are rising due to tensions between Israel and Iran. This is causing fear of supply cuts, affecting price hikes. Iran produces much of the world's oil and controls the Strait of Hormuz, a point exceeding approximately 20% of world oil. Any transition of this situation will affect oil growth, while any US-brokered peace deal can calm the oil market. The Kosovo oil price is certainly influenced also by these geopolitical developments, because Kosovo imports most of the oil. The current prices in Kosovo are: Diesel: 1.14m 1.24$Benzia: 1.15m 1.25 m”, said Fadil Berjan, chairman of the association.

And raising the price of oil, according to citizens, will not be affordable for them. They even expect the institutions to take measures so that this price will not be moved.

It's not good for us, but what to do is we have to deal with this. Consistent for Kosovo are not where for days, but after oil, other things are also being expensive, especially food is very expensive, but oil is also expensive and then bad:x1>, one citizen says.

We don't have to cry, we don't have to put these on me, expensive isn't just happening to us, but around the world. But the government has to react, the state has nothing on our hands, but neither do these guys have”, said Guzim Dubran, citizen.

For tensions that are occurring in the East not to affect prices in Kosovo, economy connoisseur Safet Gerjaliu has a request.

“What made Kosovo special compared to other European countries is the lack of state reserves that are strategic products. This direction for years we recommend and appeal to work in this direction. You know, there's been a lot of mismanagement and mismanagement in this respect than success, that's how much of a reserve.
The greater the reserves of strategic products that included oil, the sustainability of the crisis will be easier and longer-term”, it has indicated.

In 2022 the Government of Kosovo had also determined the ceiling of fuel prices through a decision. /Tave1/