The decision to approve the new Pricing Methodology for petroleum products was adopted urgently in accordance with the requirements of the legislation - ANRE.
According to the National Energy Regulatory Agency (ANRE), the methodology was approved in an expedited manner due to the limited time frame set for amending the Law on the Petroleum Products Market and providing petroleum products to consumers at prices set in a transparent manner. Let us recall that according to the decision of the Management Board of the National Energy Regulatory Agency, from July 1, economic agents themselves will set the 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 or FOB Ex-Refinery / Storage (Italy) for the last 14 days; margin for retail sales of petroleum products, set every six months by ANRE; VAT and excise rates; the official average exchange rate of MDL against the USD, set by the National Bank for 14 days preceding the import; density of each type of oil products. It is noted that until the new Pricing Methodology comes into force, economic agents do not have the right to raise the current retail prices for petroleum products. The new Pricing Methodology was elaborated and approved in the context of the amendments to the Law on the Petroleum Products Market, which were published on May 14. ANRE was supposed to develop and approve a new Pricing Methodology for petroleum products in Moldova within a month, that is, until June 14. //24.06.2021 - InfoMarket.
