Albania Cuts Fuel Prices as Transparency Board Returns: Diesel 219 Lek, Gasoline 195 Lek

Fuel prices in Albania have been reduced following the return of the Transparency Board, with diesel now capped at 219 lek per liter and gasoline at 195 lek.

 

The new decision represents a 10-lek reduction for diesel, while the drop in gasoline is significantly larger, from 219 to 195 lek per liter. The new maximum retail prices took effect on September 19 at 4:00 PM.

According to the official decision, the maximum wholesale price is set at 207 lek per liter for diesel and 183 lek for gasoline.

The Transparency Board was re-established after the Albanian government declared a special situation in the hydrocarbon market. The government said the return of the mechanism would also allow the activation of a previously approved measure for reducing fuel excise duty when prices exceed certain thresholds.

The decision comes just days after fuel prices had reached record levels. Diesel had been selling at around 229 lek per liter, while gasoline had reached 219 lek, according to recent market reporting.

The Board warned wholesale and retail operators that they are required to comply with the new price limits. Violations may result in suspension of activity.

The new prices will remain in effect until the Boar