Fuel prices continue to rise in Moldova due to higher global oil prices amid the conflict between Iran and Israel - the National Agency for Energy Regulation (NAER)
NAER reported this, recalling that it had previously warned of the possible consequences of the Middle East crisis for global oil prices and, indirectly, for the prices of petroleum products sold on the Moldovan market, which are 100% sourced from external sources. Thus, in the last four days alone, Platts quotations for petroleum products, which are the main component in the calculation formula that influences the price level set daily by NAER, have risen significantly: by $122.25 per ton of diesel fuel (+17.6%); by $60 per ton of gasoline (+8.3%). The energy regulator emphasizes that the escalation of tensions in the region has a greater impact on the cost of diesel fuel, as armed conflict affects the supply chains of heavy and high-sulfur crude oil, which is better suited for diesel fuel production. The agency recalls that Iran is a member of the Organization of Petroleum Exporting Countries (OPEC) with a production volume of about 3.3 million barrels per day and exports of more than 2 million barrels per day. In this regard, for the next three days, from June 21 to 23, NAER has set the following maximum retail prices for basic standard petroleum products: COR 95 gasoline - 23.37 lei/liter (+15 bani); standard diesel fuel - 19.74 lei/liter (+33 ban). NAER continues to monitor developments on international markets and reaffirms its commitment to applying the legal framework for setting petroleum product prices in a transparent and fair manner. // 20.06.2025 — InfoMarket
