The Albanian Government has decided to abolish the fuel price monitoring board, introduced earlier this year to oversee developments in the domestic petroleum market. Economy Minister Delina Ibrahimaj said the move follows a recent decline in fuel prices and a period of more stable conditions on international oil markets. The government described the decision as linked to changes in global price dynamics.
Temporary crisis mechanism set maximum retail ceilings
According to the Government, the board was established as a temporary crisis mechanism in response to market uncertainty tied to geopolitical tensions and developments in the Middle East. The mechanism was introduced in March and monitored international fuel price movements. When necessary, it set domestic price ceilings for retail fuel.
The board held its final meeting on 17 June. At that meeting, it set maximum retail prices of €1.85 per liter for diesel and €1.74 per liter for petrol. These ceilings were part of the board’s role in managing domestic pricing during periods of uncertainty.
Abolition follows falling prices and stabilised global conditions
The Government said fuel prices have been falling in recent weeks. It concluded that the board is no longer required because conditions on the global oil market have stabilized. The decision therefore ends the temporary monitoring and ceiling-setting function carried out by the mechanism.
