The Transparency Board has set new nationwide price caps for retail and wholesale sales of diesel and petrol.
At its meeting on Wednesday, 11 November, the Board set the maximum retail price for diesel at 205 lek per litre and the maximum wholesale price at 193 lek per litre. Petrol was capped at 164 lek per litre at retail and 152 lek per litre at wholesale.
The new prices will take effect at 2 p.m. on Wednesday and remain in force until the Board’s next meeting, when it will review them in light of changes in fuel prices.
The Board reminded all fuel traders that they are required to comply with the caps. Businesses found in breach may have their operations suspended.
The Board adopted the decision under the special measures declared for the hydrocarbons market, in line with a decision by the Council of Ministers and applicable legislation.
In a joint statement, the Ministry of Economy and Innovation, the Ministry of Finance and the Ministry of Infrastructure and Energy said the mechanism was designed to protect consumers’ interests and ensure fair competition in the market.
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