Albania ranks seventh in the world for the most expensive oil price.

Albania ranks seventh in the world in terms of oil prices. In the classification made by the organization Global Petrol Prices, citizens in Albania pay this product cheaper than in Switzerland, Monaco, Iceland and Hong Kong, and more expensive than the region, the European Union and the rest of the globe.

Today, the global market is stabilized and the average price of oil around the world has reached 108 ALL per liter, while in Albania, gas stations sell it for 177 ALL.

Differences in prices between countries are reflected due to relations with production, trade and taxes, since all countries have access to international markets, but then all impose different taxes. As a result, the retail price of oil is different.

We recall that on the European stock exchange, a barrel of oil is trading in this period for $70, registering the lowest values ​​since 2022, when the fuel market was shaken after the start of the Russia-Ukraine war.