Confindustria has expressed support for the executive's decision through the Transparency Board to set ceiling prices for fuel in wholesale and retail trade.
In a reaction, Konfindustria explains that this constitutes the Albanian government's first intervention in the fuel market under the extraordinary conditions of the crisis.
"All countries in the region and beyond have taken immediate measures to mitigate the consequences of the Persian Gulf War. The established prices of fuel products are over 8% lower, which clearly indicates the wide scope for speculation by market operators and the necessity of continuous monitoring of the strategic fuel market," the statement said.
Confindustria's reaction:
Confindustria urges the Albanian government, together with oversight through the Transparency Board to prevent speculation in the fuel market in today's exceptional global conditions, to rapidly assess the following:
The overall reduction of the fiscal burden on fuel and annual car taxes to the levels of the average of the countries in the region.
The establishment of the Fuel Regulatory Authority as a permanent supervisory institution
Review of today's construction in the vertical and horizontal direction of the fuel market with clear manifestations of cartel and oligopoly type in ports, wholesale and retail trade
Construction of a refinery to process Albanian oil to meet at least 30% of the country's annual needs.