Albanian Authority of Competition will publish by the end of the week its decision on price fixing for hydrocarbons in the domestic market, the fixed price that companies which currently operate in country should sell their products.
The hydrocarbons sector in country was a subject of many debates in parliament and among citizens in latest months since the price of oil and gas decreased only by 16-18% (by 30 ALL), at a time when the international market faced a drastic decrease of hydrocarbons by 50%.
On May 2014, Albanian Authority of Competition started a deep investigation on the market structure of hydrocarbons which at the time was an oligopoly trade structure, a small group of companies.
In December, strong discussions followed in parliament among MPs about the non decrease of hydrocarbons in Albania. Opposition accused the government for this phenomenon, by arguing that the increase of circulation tax by 10% showed its negative effects in the hydrocarbons market, but in turn, the head of Economy Commission, Erjon Brace declared that in country currently operate only three big companies in trading hydrocarbons, which in most of cases abuse with the price.
News source/photo credits: ATA
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