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Several petroleum product market operators of Moldova increased retail fuel prices at gas stations

Several petroleum product market operators of Moldova increased retail fuel prices at gas stations

In particular, the cost of gasoline was increased by about 0.4 lei per liter, of diesel fuel by 0.6 lei, and the liquefied gas price - by 1.2 lei per liter. The increase in fuel prices at gas stations is due, first of all, to an increase in the amount of excise taxes on petroleum products, as well as an increase in the cost of petroleum products on world markets, and an increase in purchase prices for fuel. As InfoMarket reported earlier, in Moldova retail prices for petroleum products are expected to increase by about 10% due to an increase in excise taxes on January 1 and an increase in fuel purchase prices. According to InfoMarket, the operators are running out of fuel supplies purchased in November-December 2019, and new purchase prices are higher than last year, primarily due to the situation around Iran. The cost of a barrel of oil since the beginning of 2020 has already increased to $69, despite the fact that in October-November last year it did not exceed $60. The purchase price of raw materials is also reflected in the selling prices of oil refineries, which, when prices change on world markets, are in no hurry to lower prices for their products. To a lesser extent, the upcoming price increase is under pressure from a certain devaluation of the MDL - the exchange rate against the US dollar has increased by 0.2 lei per $1 since the beginning of the year. Market operators note that against this background, in the near future we can expect an increase in retail prices for petroleum products in the country by about 10-12%. //17.01.2019 - InfoMarket.

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