The National Agency for Energy Regulation will hold a meeting on June 14, at which it will consider and approve the draft Methodology for the calculation and application of prices for petroleum products.
As the National Agency for Energy Regulation reported on Wednesday, this document was developed in accordance with amendments to the Law on the Oil Products Market, which provides for a new way of setting market prices for basic oil products and liquefied gas by “economic agents” working in this sector. The draft resolution of NAER can be found on its official website. To ensure the transparency of the decision-making process, the NAER meeting will be broadcast online on its official facebook page. Those wishing to participate in the online meeting must register in advance by e-mail gsanduta@anre.md or presa@anre.md to receive a link to the meeting along with a password. Recall that the amendments to the Law on the Oil Products Market adopted by the Parliament stipulate that NAER will develop a new Methodology for calculating and applying prices for oil products, according to which economic agents will set maximum sales prices for the main types of oil products and liquefied gas. The maximum prices will be calculated for 1 liter, according to the approved formula, separately for each type of imported petroleum products and each batch of imported petroleum products, taking into account the following indicators: average quotes of Platt's FOB Med (Italy) for the last 14 days; the official average exchange rate of leu against the dollar, set by the National Bank, for 14 days preceding the import; density of each type of oil products; margin for retail sales of petroleum products, set every six months by NAER; VAT and excise rates. Amendments to the Law on the Oil Products Market were published on May 14, and NAER was supposed to develop and approve a new Methodology for calculating and applying prices for oil products in Moldova within a month, that is, until June 14. At the same time, the Foreign Investors Association (FIA) of Moldova, on behalf of the industry representatives, appealed to the Moldovan authorities with a proposal to suspend this law. The FIA warned of an impending collapse in the industry, pointing out that the amendments to the Petroleum Products Market Law contradict the Accounting and Financial Reporting Act, as well as the terms of logistics in the petroleum products market. “The only way to prevent the coming shortage on the oil products market before the parliamentary elections is to appeal to the Constitutional Court, which can suspend the law. After the parliamentary elections, the deputies will be able to consider and adopt a new legislative act regulating the oil products market in accordance with the Constitution and current legislation, the FIA said in an open letter. Herewith, on June 7, the Constitutional Court received an appeal from the deputies of parliament Adrian Candu and Vladimir Cebotari with a request to consider the constitutionality of the amendments to the Law on the Oil Products Market adopted on April 9.// 09.06.2021 — InfoMarket
