Diesel prices go up in Albania, experts: Taxes need to be reconsidered

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A liter of diesel is being sold for days now in petrol pumps all around the country, up to 180 ALL, whereas a month ago it was 10-15 ALL cheaper.

This has come as a result of the rise in diesel prices in the stock market, which has seen a rise in demand after the global opening of the economy since the pandemic, which has brought up prices in the international market, where a barrel of diesel is sold for $73,8 US dollars.

However, in Albania for years now consumers have been systematically complaining about the prices of fuel, which exceed those of the region and even Europe.

In fact, for every liter of fuel bought here, citizens pay 100 ALL in 7 direct taxes, 5 of which go directly to the State Treasury and two go to the accounts of concessionaries.

But, how does Albania compare to other countries? In the region, citizens pay around 50 ALL in direct tax only for the excise and VAT tax.

Experts in hydrocarbons told Euronews Albania that the price of diesel will stay at these same levels up until the beginning of 2022, based on the demand and production quotas of the OPEC in the Arab Emirates, while adding that the government is the only one that can resolve the issue and lower prices, by reconsidering the direct tax system.

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