In the stock market, the price of oil continues to decline, but this is not reflected in the trading prices that apply in our country.
For weeks, the price per liter continues to be over 250 ALL, while for experts the tariffs are abusive, as long as the way of their calculation does not become transparent.
After yesterday’s meeting, a liter of diesel will cost 3 lek less, from 261 lek which was 258 lek, while the price of gasoline has gone 248 lek, recognizing a slight increase. For the first time, the Ministry of Finance has announced the formula for calculating the price, including taxes that apply.
“The prices approved by the Board, reflect: International market prices published by the international agency ‘S&P Global Platts’ in USD, dated 22.06.2022, respectively gasoline 1324 dollars per ton and diesel 1325 dollars per ton; the ‘premium’ value according to the import invoice declared at Customs by the wholesale companies for diesel of standard SSHEN 5902018 and gasoline of standard SSHEN 2282018, and on the basis of which the payment transaction is performed. The total value obtained (FOB Med + Premio), is converted into Lek according to the fixed exchange rate officially announced by the Bank of Albania the day before. Gross margin 3 ALL / liter (including VAT) for wholesale companies. This gross margin covers the costs of storage, maintenance, transportation, depreciation, salaries, contributions, interest expenses, fees and other taxes after customs clearance, supplies and services. Above the resulting value above, are added the duties payable on import: excise; turnover tax; carbon tax; VAT on imports; marking and scanning fee ”it is said in the announcement.
The resulting value is the wholesale price. Above the resulting wholesale price is added the gross retail trade margin of 12 ALL / liter (including VAT). This gross margin covers the costs of rent or depreciation, maintenance, salaries, contributions, interest expenses, licensing and relicensing fees, other local taxes, supplies and services. The resulting value (f + g) is the retail price with VAT, which must be announced in the sales table at gas stations.
Finance has warned that “approved prices are ceiling / maximum prices and no economic operator can trade these by-products above the ceiling prices of the Board Decision. Any wholesale and retail economic operator is free to trade these by-products at prices lower than the ceiling / maximum prices approved by the Board. The effects of this decision start on June 23 until a second notification received at the next meeting. These prices are in force until the next meeting of the Board and change based on the effects of the change in the prices of the Exchange for gasoline and diesel by-products and the changes in the exchange rate of the US Dollar “, it is further stated in the official announcement.