At a time when fuel prices are again rising in almost all countries in the region, Macedonia stands out as one of the countries with the lowest prices of oil derivatives, both in the Balkans and beyond.
According to the latest comparative data, the average fuel price in Macedonia is around $1.35 per liter, which is lower than in most neighboring countries such as Greece, Bulgaria, Kosovo and Serbia.
Lower fuel prices in Macedonia directly affect the costs of transportation, logistics and daily use of cars, which also has an effect on the prices of other products and services. Therefore, stable fuel prices are considered an important factor for economic stability and inflation control in a country.
However, fuel prices in the region remain strongly dependent on global movements in the oil market, which means that new changes are possible in the coming period.
Although Macedonia currently has relatively lower fuel prices compared to some of its neighboring countries, there is a real possibility that they will increase if there is a new increase in the price of crude oil on world stock exchanges. The Government recently announced that it is closely monitoring the situation on energy markets and that, if there is a significant increase in fuel prices, it is possible to intervene in the area of excise duties and other taxes.
According to government announcements, such a measure would aim to mitigate a possible price shock and prevent a sharp increase in gas station prices, thus protecting the standard of living of citizens and the stability of the domestic economy
