Oil prices on international markets are rising rapidly, increasing pressure for fuel prices at filling stations in Albania to exceed 220 lek per liter. The increase comes amid tensions in the Middle East and a sharp decline in supplies through the Strait of Hormuz.
Oil prices rose to $108 per barrel at the beginning of this week, increasing pressure for prices at filling stations in Albania to surpass 220 lek per liter.
Brent crude rose by more than 3% following new developments in the Middle East, where a commercial vessel was struck in the Strait of Hormuz. At the same time, Saudi Arabia temporarily shut down its main oil pipeline carrying crude to the Red Sea, which bypasses the Strait of Hormuz.
This has heightened fears of supply disruptions, as around 20 million barrels of oil per day passed through the strait before the war. Flows have now fallen to around 7 million barrels per day, and the effects of the situation are also being felt in Europe and the United States.
President Donald Trump has also blamed Ukrainian attacks on Russian refineries for the diesel shortage, but analysts estimate that disruptions near the Strait of Hormuz have caused greater supply losses.
On international markets, fears of a deeper energy crisis are increasing pressure on oil and fuel prices.
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