Oil prices, Rama: Transparency Board has been set in motion

He stated, among other things, that the Transparency Board has been set in motion to reflect any change from global markets on the domestic market.

This week we have also adopted the promised norm act for reducing the oil excise, the moment oil, as a result of the war impact on international markets, exceeds the limit of $220. So lowering the excise by 20% is a measure that goes into effect immediately when the price of oil exceeds 220 m per litre and that of gasoline 200 lek per liter”.

“These thresholds are designed to ensure a fair and balanced intervention in relation to market developments, which are developments that we don't have in our hands, we are not responsible for them and we don't have the power to stop them, except we have an obligation to deal in the function of amortising the immediate blow on consumers, without violating, in turn, the stability of public finances at a time when uncertainty in international markets remains high and equally dynamic”, he said.

Rama said the move will remain in force until full stabilisation of the international situation, the TCh reports. Periscope

“Masa will remain in force until full stabilisation of the international situation, while the Transparency Board, which has been set in motion, will remain guaranteed any development in global markets to reflect correctly and verifiably what should happen on the domestic market”.

“This is a proper, timely response, guaranteeing quick decision making, incarnating full responsibility and enabling citizens, drivers and drivers, not to be abused by oil distributors. Measures for all who will violate the price set by the Transparency Board, based on markets, will be drastic”, Rama said. /Periscope