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The President of the Hydrocarbons Association, Luigj Aliaj has shown the scheme of functioning of prices in the fuel sector.
Invited to the show “Open” he said that the price did not increase immediately after the increase of the stock exchange.
Aliaj said the price increase came on nwntw, almost two weeks after the start of the war.
“The war started on the 24th, on the 25th and 26th the oil reached $ 400 plus, for two days it was plus 400. The first price that touched the market was date 9. We finished all the quantity that was in the market, then it increased. Oil does not close the price until the moment it lowers it in the market. Oil today is $ 900, after two days it is $ 700, then it could be $ 900 again. Every physical liter corresponds to a stock on the London Stock Exchange. The price is not set the day it is placed in the warehouse, but where it is put on the autobot to get to the points. The fuel comes out of the portal depots every day at the price of the previous day. “The retail market cannot reflect it every day, unlike the majority.”said Aliaj.
The Transparency Board has decided again to increase the price of oil, bringing it to 245 ALL per liter, from 233 this week.
The price of oil will increase to 245 ALL per liter with the decision of the board, which is expected to be made public tomorrow, ie almost 12 ALL more.
Meanwhile, the price of gasoline remains the same, at 218 ALL. The price of gas has remained unchanged at 93 ALL.
According to the Hydrocarbons Association, the decision is valid until Tuesday, at the next board meeting. It is noted that the methodology of price calculation has changed, from the initial formula that the board has followed in setting fuel prices.
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