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Home ATTUALITA

The price of oil / The war in Ukraine is having an impact on all markets

by imkadmin
Mar 14, 2022
in ATTUALITA
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The price of oil / The war in Ukraine is having an impact on all markets
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A war everywhere in the world, according to the perception of international markets is a war in every country.

In this way the outbreak of war in Ukraine according to experts immediately leads markets to panic, while absurd prices are not saving any country.

In America the price of a gallon of oil reached a record level of 6 dollars, in Britain in the record of over 1.7 pounds.

These countries are affected even though America imports only 2% of Russian oil and gas, while England only 6% according to the BBC, almost negligible levels.

“Certainly the psychological pressure exerted on the markets in the conditions when it is thought that there will be a lack of supply in the market makes the prices go to the stratosphere. “Our country must look at the possibility of diversifying the supply of long-term contracts.”said Igli Tola.

The price of oil in Albania has also reached record levels. Expert Tola thinks that taxes should be reviewed, especially that of excise and turnover, which weigh even more on each liter

“I suggest imposing a consumption tax, not a fixed one“, He added.

According to him, setting the ceiling price, as is being done by our government and those of the region, is not a solution.

“If it is not accompanied by other measures, economic operators will go bankrupt, because they can not operate for a long time, leaving at a loss. “The best way is to reimburse by paying people and disciplining markets.”said Tola.

Absurd prices of fuel, mainly gas are coming at heavy costs even to the price of electricity. The government has said that this burden is being covered for consumers and small businesses, but medium and large ones are paying two to three times more.

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