{"id":21658,"date":"2021-10-03T12:04:58","date_gmt":"2021-10-03T10:04:58","guid":{"rendered":"http:\/\/euronews.al\/en\/?p=21658"},"modified":"2021-10-03T13:54:29","modified_gmt":"2021-10-03T11:54:29","slug":"fuel-prices-might-rise-again-in-albania-says-economy-expert","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/fuel-prices-might-rise-again-in-albania-says-economy-expert\/","title":{"rendered":"Fuel prices might rise again in Albania, says economy expert"},"content":{"rendered":"<p>Economy expert, Fatos Cocoli told Euronews Albania that the surge in the price of oil in our country came as a result of the rise in demand and consumption all throughout last year.<\/p>\n<p>But, according to Cocoli, the increase in prices is abusive because it\u2019s a result of what he called a \u201clack of oil elasticity, where we see a price drop like the one we saw last year, and a surge in prices like the one we\u2019re seeing right now\u201d.<\/p>\n<p>The expert also added that prices could continue rising further in our country.<\/p>\n<p>\u201cI\u2019m afraid that the price of oil will reach $90 US dollars per barrel. Seeing the lack of government initiative on price control or something like a price cap regulation, leads me to believe that the price of oil in our country will continue to soar,\u201d- he said.<\/p>\n<p>Cocoli also added that companies should meet their legal obligations and have at least 3 months\u2019 worth of oil stored up, in order to avoid a surge in prices, regardless of the stock market fluctuations in the price of oil.<\/p>\n<p>In addition, Cocoli noted that applicable institutions should also take it upon themselves to check on oil companies in the country.<\/p>\n<p>Fuel prices in Albania have been going up for the past couple of months. Oil has gone up by 15-20 ALL per liter.<\/p>\n<p><strong>YOU MIGHT ALSO LIKE<\/strong><\/p>\n<ul>\n<li class=\"title-post\"><strong><a href=\"https:\/\/euronews.al\/en\/balkans\/2021\/10\/01\/us-pipeline-project-aims-to-create-an-energetic-market-amongst-countries-of-the-balkans\/\">US pipeline project aims to create an energetic market in the region<\/a><\/strong><\/li>\n<li class=\"title-post\"><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2021\/07\/12\/top-10-most-paid-companies-in-albania-during-2020\/\">Top 10 most paid companies in Albania during 2020<\/a><\/strong><\/li>\n<li class=\"title-post\"><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2021\/06\/28\/corruption-hampers-business-amcham-calls-for-more-transparency-in-several-sectors\/\">\u201cCorruption hampers business\u201d, AmCham calls for more transparency in several sectors<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Economy expert, Fatos Cocoli told Euronews Albania that the surge in the price of oil in our country came as a result of the rise in demand and consumption all throughout last year. But, according to Cocoli, the increase in prices is abusive because it\u2019s a result of what he called a \u201clack of oil [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":21659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153],"tags":[151],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fuel prices might rise again in Albania, says economy expert - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/fuel-prices-might-rise-again-in-albania-says-economy-expert\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel prices might rise again in Albania, says economy expert - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"Economy expert, Fatos Cocoli told Euronews Albania that the surge in the price of oil in our country came as a result of the rise in demand and consumption all throughout last year. But, according to Cocoli, the increase in prices is abusive because it\u2019s a result of what he called a \u201clack of oil [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/euronews.al\/en\/fuel-prices-might-rise-again-in-albania-says-economy-expert\/\" \/>\n<meta property=\"og:site_name\" content=\"Euronews Albania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/euronews.al\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-03T10:04:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-03T11:54:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2021\/10\/fatos-cocoli.png\" \/>\n\t<meta property=\"og:image:width\" content=\"816\" \/>\n\t<meta property=\"og:image:height\" content=\"459\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Nen Si\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:site\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nen Si\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/euronews.al\/en\/fuel-prices-might-rise-again-in-albania-says-economy-expert\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/fuel-prices-might-rise-again-in-albania-says-economy-expert\/\"},\"author\":{\"name\":\"Nen Si\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/person\/444d280f35e047949b7f0bc08093608f\"},\"headline\":\"Fuel prices might rise again in Albania, says economy expert\",\"datePublished\":\"2021-10-03T10:04:58+00:00\",\"dateModified\":\"2021-10-03T11:54:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/fuel-prices-might-rise-again-in-albania-says-economy-expert\/\"},\"wordCount\":272,\"publisher\":{\"@id\":\"https:\/\/euronews.al\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/fuel-prices-might-rise-again-in-albania-says-economy-expert\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2021\/10\/fatos-cocoli.png\",\"keywords\":[\"Kryesoret\"],\"articleSection\":[\"Albania\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/euronews.al\/en\/fuel-prices-might-rise-again-in-albania-says-economy-expert\/\",\"url\":\"https:\/\/euronews.al\/en\/fuel-prices-might-rise-again-in-albania-says-economy-expert\/\",\"name\":\"Fuel prices might rise again in Albania, says economy expert - 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