LSDM has issued a statement addressing the recent surge in the price of oil derivatives within North Macedonia. The party asserts that forecasts and warnings issued by chairman Venko Filipce have ultimately proven accurate. Following a press conference delivered by Hristijan Mickoski, a new rise in oil prices of 3.5 denars occurred.
The anticipated increase in the price of oil has materialized, with the cost now set at 95.5 denars per liter, effective from tonight. This represents the third price hike within the last three weeks, resulting in a total increase of 24.5 denars per liter. LSDM emphasizes that the reduction of Value Added Tax (VAT) from 18% to 10% has had no discernible impact on consumer costs.
Citizens continue to bear a heavier burden for fuel, and alarmingly, this escalation will further contribute to rising food prices. The situation has created a concerning spiral, with cooking oil now exceeding 100 denars. The party contends that the previously cautioned about conditions have materialized, highlighting the detrimental consequences of the current market dynamics concerning the price of oil.
They maintain a critical stance on the government’s response and the ongoing impact on the nation’s economy.
Topics: #oil #price #lsdm
The LSDM’s protests are proving ineffective as oil derivative prices persistently increase.