Albania lowers excise by around 20% to lower oil prices

Rama said that the rising price of oil relates to the global situation and the impact on the supply chain. According to him, the country will enter the transparency board regime to prevent unfair benefits from the crisis, while adding that the government has decided to reduce the oil excise by about 20% to facilitate citizens.

In the end, the government leader said additional revenues would be used for support of pensioners and for increasing transparency in the fuel market.

Edi Rama: I left this note at the end, not in importance, but rather because it is a footnote that corresponds to an extremely complex moment on a global scale, that has directly impacted the entire fuel supply chain and that reflects aggressively on the increase in oil prices.

We've been talking about this for the last few days. It's a topic that requires attention and has our constant attention, hours after hour and, as we've said, we've taken concrete steps, a task force has been set up in the Ministry of Economy and Finance in order to increase control and identify any possible abuse on the market. No abuses have been observed, monitoring continues, and since the price has been another jump, a decision has been made to enter the transparency board regime, which will ensure that there are no beneficiaries or beneficiaries, as they say on the other side of the mountains, who would like to exploit the crisis to put more money into their pockets.

At the same time, another decision has been made to intervene with a temporary measure, which is making other countries in the oil excise, making it a drop of about 20 %s in order to ease, as it were, somewhat the burden on automobile users. But in the meantime, I want to say very, very clearly, at the end of the day, what we're interested in first is to protect pensioners, which means that in this case, the increased level of profit that will come to the state chest from the increase in the price, whatever, he will, after landing on the excise, go only to protect pensioners, just to support pensioners.

At the same time, we are moving swiftly on one side to the strategic reserve bill, which is in public consultation. It's a process before this new crisis began, which is related to the loss of the world's global balance, which is provoking the post-crisis crisis. And on the other hand, in parallel, we are preparing to bring a public factor into the market, a new force that will have the barrier, along with a host of other measures to make a significant intervention in the deployment, not only of a balance in terms of the price in the oil market, but also of a whole new level in terms of transparency of that market, in terms of oil movements in the Republic of Albania, and in terms of a still inexhaerable phenomenon in this respect, which is the evasion and smuggling of oil, also benefiting from the transitional regime and whose trick has come to an end.

We will intervene and believe very much that in a period, not too distant, we will show with facts, that intervention has been a good intervention of society, in the best of users of oil consumers' vehicles, but above all, for the sake of all those who don't pollute and don't owe it to those who pollute, by oil cars in the meantime to pay a consequence, which we want to end. /oranews. tv