Oil Prices Moving Toward Normalization, but Product Prices Unlikely to Fall

RKS Newss
RKS Newss 2 Min Read
2 Min Read

Although oil prices have begun to decline on international markets, economists estimate that the impact in Kosovo will be felt only after some delay. Meanwhile, representatives of the Consumer Association say that even if fuel prices gradually decrease, the same cannot be expected for services and products whose prices were previously increased with fuel costs cited as the main justification.

After advancing an agreement with Iran aimed at ending the conflict, U.S. President Donald Trump delivered a significant message regarding the global oil price crisis.

“Ships of the world, start your engines. Let the oil flow,” said U.S. President Donald Trump.

Following that statement, oil prices on global markets indeed changed course, beginning a gradual decline.

However, fuel prices in Kosovo have not followed the same pace, which, according to an economics professor, can be attributed to several factors.

“There is a tendency among companies to raise prices quickly but lower them slowly, seeking to maximize profits,” said Fidan Qerimi, Professor of Economics.

There is even less optimism that the prices of other products and services, which increased alongside fuel prices, will decline.

“Based on past experiences, I can conclude that I do not believe other prices will return to previous levels, because even politicians have interests connected to businesses,” said Selatin Kaçaniku of the Consumer Association.

“Transportation costs have increased. Purchasing power has declined, as consumers have been affected by higher fuel expenses,” added Professor Qerimi.

According to the Kosovo Agency of Statistics, fuel prices have had the greatest impact on transportation services. In April 2026, compared to April 2025, transportation prices increased by 14.1%.