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From July 1, prices for oil products in Moldova will be calculated according to new formulas.

From July 1, prices for oil products in Moldova will be calculated according to new formulas.

The National Agency for Energy Regulation reported that it had already sent to Monitorul Oficial the decision of the NAER Board of Directors dated June 14 “On Approval of the Methodology for Calculation and Application of Prices for Petroleum Products”. It should be reminded that according to the decision of the NAER's Administrative Council, from July 1, economic agents themselves will set the maximum selling 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 NAER; VAT and excise rates; 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. It is noted that until the new methodology comes into force, economic agents do not have the right to raise retail prices for petroleum products. The new methodology was developed and approved in the context of the amendments to the Law on the Petroleum Products Market, which were published on May 14.// 29.06.2021 — InfoMarket

News on the subject

From October 1, Moldova will be able to receive the bulk of Russian natural gas in transit through Romania, and not through Ukraine.
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The decision to approve the new Pricing Methodology for petroleum products was adopted urgently in accordance with the requirements of the legislation - ANRE.
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