3 minutes agoSahin warns expensive production of products in Kosovo, cause of price of derivatives
Periskopi(4 months ago)
(4 months ago)Kosovo Alliance of Business Chairman Agim Sahini has warned that tensions in the Middle East and disorders on the global energy market are directly affecting the prices of derivatives and products in Kosovo. He said the Hormuz Strait and the consequences of regional conflicts have increased oil prices on international markets, while [...]
He said the Hormuz Strait and the consequences of regional conflicts have increased oil prices on international markets, affecting supply and prices on the Kosovo market.
“Energy derivative market disorders have begun after attacks and war in the Middle East, where the Hormuz Strait has markedly affected the supply of global markets, and of course those markets have affected all over Europe, whether we have received oil derivatives from those countries or not. But demand has increased, the offer is weaker and we have a supply market disorder, but we also have an expensive derivative. The most concrete example is when the price for a barrel today is about $100, which a power has 159 liters of oil, which is about 60 cents per litre in the world. But when transportation, premises, and taxes are added, that is a very high price. Therefore, Kosovo neither has enough reserves as a state nor as a business, because the derivatives are expensive and these require engaged financial means and commercial banks in Kosovo have very high interest. Therefore, we have daily supplies and they have automatism impacting the rising price of the entire Kosovo market”, he says, in an interview for Online Economy, it broadcasts Periscope.
Sahin stressed that if the situation in the Middle East continues, the rising price of derivatives will be reflected in other sectors of the economy, increasing the price for transportation, industry and consumers.
The rising price of oil derivatives will directly affect transport growth, whether goods or travelers, industry and consumers. Hence, other products are expected to be expensive. Inflation is now around 6%, which for Kosovo is high. Therefore, it is only natural to have the state institutions of Kosovo, Kosovo deputies, Kosovo politicians, to create institutions as quickly as possible so that we can have a government, a stable presidency at this time of crisis, whether of global economic crises or of future crises and threats that the globe is threatened by the powers and wars that are already known; and now Ukraine and four years where markets have changed, now in the Middle East, where some states are directly and indirectly-included,<1> he said.
He warned that increasing the cost of transportation will affect imports and local products directly, given Kosovo's heavy dependence on import.
And when we're about 7 billion importing within the last year, and they're directly related to transport, transportation when it's necessarily expensive has to be expensive, even products that we import, but domestic products. Therefore, energy and derivatives are a major product in production, in service, in trade, and in everyday consumption, and this will have a marked impact on the poverty of the citizen's consumer basket, but also on price raising and an inflation that could be unstoppable”, Sahin added.
According to official data provided by the Kosovo Customs evidence, the average import price for oil derivatives during Monday, on March 9, 2026, has been: oil (diesel) 1.44 euros per litre, while fuel 1.17 euros per litre.
Meanwhile, based on monitoring conducted on the local market from Saturday to now, prices displayed for consumers in retail points are: for oil (dizel) from 1.44 euros per litre to 1.55 euros per litre, while for gasoline from 1.26 euros per litre to 1.31 euros per litre.
Given the decision of March 4th, 2026 for temporary price regulation and the appointment of other safeguard clauses, two eurocents per litre for the grossly sold product and twelve eurocents per litre for the retail sell-out market is in place. The announcement stresses that commercial margins imply the difference between the price of sale and the price of supply. /Periscope
