{"id":32663,"date":"2022-03-09T11:03:31","date_gmt":"2022-03-09T10:03:31","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=32663"},"modified":"2022-03-09T11:03:31","modified_gmt":"2022-03-09T10:03:31","slug":"how-is-the-oil-crisis-manifesting-itself-in-kosovo","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/","title":{"rendered":"How is the oil crisis manifesting itself in Kosovo?"},"content":{"rendered":"<p>The Russian invasion of Ukraine has resulted in a drastic rise in oil prices across Europe, due to the fact that Russia is Europe\u2019s main oil supplier.<\/p>\n<p>These price hikes have also started to have an impact in Albania, where a liter of oil is selling at 260 ALL (\u20ac2.11 euros), compared to 190 ALL (\u20ac1.54 euros) a few days ago.<\/p>\n<h4><strong>How is the crisis being reflected in Kosovo? <\/strong><\/h4>\n<p>In Kosovo, a liter of oil is selling for \u20ac1.75 euros.<\/p>\n<p>\u201cIn recent days we\u2019ve seen a 15-cent rise of oil prices in Kosovo,\u201d \u2013 said the head of Kosovo\u2019s Oilmen Association, Fadil Berjani during an interview for Euronews Albania.<\/p>\n<p>The amount of oil by-products that can be bought in Kosovo\u2019s domestic market has also been limited across numerous vendors, said Berjani.<\/p>\n<p>\u201cThis isn\u2019t so much about how high prices will rise, but whether or not we\u2019ll have enough supply,\u201d \u2013 he added.<\/p>\n<p>In addition, Berjani maintained that Kosovo\u2019s market is directly linked to the Albanian one, seeing that the majority of Kosovo\u2019s oil gets imported through Albania.<\/p>\n<p>According to official data on imports, we are currently facing an urgent crisis, said Berjani, while emphasizing that the oil crisis will trickle down to each and every sector of the economy.<\/p>\n<p>At the moment, Europe is facing an ongoing supply crisis, which has also affected oil prices.<\/p>\n<p>After Russia\u2019s military intervention in Ukraine, prices along with the demand for oil in European and international markets have spiked.<\/p>\n<p>The United States and the UK have started blocking their imports of Russian oil, but they still haven\u2019t announced what their alternative sources will be.<\/p>\n<p>During a press conference yesterday, Albania\u2019s PM Edi Rama, called on citizens to start saving on their electricity usage as the country could most probably be facing shortages of both energy and oil.<\/p>\n<p>Kosovo\u2019s government, on the other hand, decided to set a price ceiling on March 1, for all consumer prices for oil and energy along with settling on a trade margin for wholesale and retail markets, with the goal of protecting regular customers from harsh fluctuations in prices, while also eliminating possible disruptions in the oil derivatives market in Kosovo.<\/p>\n<p><strong>YOU MIGHT ALSO LIKE<\/strong><\/p>\n<ul>\n<li class=\"title-post\"><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2022\/03\/09\/drivers-of-intercity-routes-warn-of-higher-ticket-prices\/\">Drivers of intercity routes warn of higher ticket prices<\/a><\/strong><\/li>\n<li class=\"title-post\"><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2022\/03\/08\/prices-expected-to-rise-from-30-all-the-way-to-50-says-head-of-kash\/\">Prices expected to rise from 30% all the way to 50%, says head of KASH<\/a><\/strong><\/li>\n<li class=\"title-post\"><strong><a href=\"https:\/\/euronews.al\/en\/euronews\/2022\/03\/06\/oil-prices-hit-record-high-worldwide-us-gas-the-highest-since-2012\/\">Oil prices hit record high globally \u2013 US gas the highest since 2012<\/a><\/strong><\/li>\n<\/ul>\n<div>\n<div class=\"spot-im-replies-count\" data-post-id=\"eneu32660\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Russian invasion of Ukraine has resulted in a drastic rise in oil prices across Europe, due to the fact that Russia is Europe\u2019s main oil supplier. These price hikes have also started to have an impact in Albania, where a liter of oil is selling at 260 ALL (\u20ac2.11 euros), compared to 190 ALL [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":32664,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[163],"tags":[270,815,300,151,469,633,284,285,637],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How is the oil crisis manifesting itself in Kosovo? - 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\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How is the oil crisis manifesting itself in Kosovo? - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"The Russian invasion of Ukraine has resulted in a drastic rise in oil prices across Europe, due to the fact that Russia is Europe\u2019s main oil supplier. These price hikes have also started to have an impact in Albania, where a liter of oil is selling at 260 ALL (\u20ac2.11 euros), compared to 190 ALL [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/euronews.al\/en\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/\" \/>\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=\"2022-03-09T10:03:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2022\/03\/Naftaret.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"635\" \/>\n\t<meta property=\"og:image:height\" content=\"374\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/euronews.al\/en\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/\"},\"author\":{\"name\":\"Nen Si\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/person\/444d280f35e047949b7f0bc08093608f\"},\"headline\":\"How is the oil crisis manifesting itself in Kosovo?\",\"datePublished\":\"2022-03-09T10:03:31+00:00\",\"dateModified\":\"2022-03-09T10:03:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/\"},\"wordCount\":412,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/euronews.al\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2022\/03\/Naftaret.jpg\",\"keywords\":[\"albania\",\"crisis\",\"kosovo\",\"Kryesoret\",\"oil\",\"prices\",\"russia\",\"ukraine\",\"war\"],\"articleSection\":[\"Kosovo\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/euronews.al\/en\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/euronews.al\/en\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/\",\"url\":\"https:\/\/euronews.al\/en\/how-is-the-oil-crisis-manifesting-itself-in-kosovo\/\",\"name\":\"How is the oil crisis manifesting itself in Kosovo? 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