The Albanian Government has decided to abolish the fuel price monitoring board, which was introduced earlier this year to oversee developments in the domestic petroleum market.
Economy Minister Delina Ibrahimaj stated that the decision follows a recent decline in fuel prices and a period of more stable conditions on international oil markets.
According to the Government, the board was originally established as a temporary crisis mechanism, introduced in response to market uncertainty linked to geopolitical tensions and developments in the Middle East.
The board held its final meeting on 17 June, during which it set maximum retail prices of €1.85 per liter for diesel and €1.74 per liter for petrol.
The mechanism, introduced in March, was responsible for monitoring international fuel price movements and setting domestic price ceilings when necessary.
With fuel prices now falling in recent weeks, the Government has concluded that the board is no longer required, as conditions on the global oil market have stabilized.
