Ministry of Industry, Trade, Trade and Innovation ( MINTI has intensified monitoring the Kosovo oil derivative market in order to reduce prices on international markets to be reflected in the local market as well.

Through the Central Market Supervisor Inspectorate ( IQMT, in the last days, has increased inspection activities at the selling of derivatives.

MINTI has indicated that on a daily basis, Kosovo Customs receives official data on the prices of imports of derivatives, which serve as the basis for analyzing and monitoring sales prices on the local market.

According to the ministry, three main references are taken into account during the screening of prices: the average price of the pre-day supply, the average supply price of the last 10 million litres imported, and the average sale price on the local market.

The inspections conducted over the past two days have noted that the decline in the prices of derivatives on global markets has also begun to reflect in Kosovo.

According to MINTI data, over the past 24 hours the average price of oil has dropped from 1.13 euros to 1.79 euros per litre, while the average price of gasoline is 1.43 euros per litre.

The ministry has announced that market supervision will continue in the coming days, with a focus on protection of consumers, transparency and prevention of unjustified price deviations from movement in international markets.

MINTI aims for changes in supply prices to be reflected fairly and over time, even in prices paid by consumers in Kosovo.

Source Layer: Dukeagini