Petrol price insignificantly rise, diesel price drops in Moldova
16:10 | 20.03.2018 Category: Economic
Chisinau, 20 March /MOLDPRES/ - The National Energy Regulatory Agency (ANRE) today established a ceiling selling price for the most demanded Premoium-95 petrol at 17.87 lei for one litre and for diesel at 15.73 lei for 21 March – 3 April.
The petrol’s reference price for the next two weeks is by 0.07 lei per one litre higher against the earlier one and diesel cheapened by 0.12 lei for one litre. The new prices for petrol and diesel will enter into force at midnight and will be in force starting from 21 March till 3 April. Operators will not have right to sell fuels by retail at higher prices than the ones set by ANRE.
The quotation of the Bret oil barrel increased to 67.14 dollars today at noon, up by 1.65 per cent against 19 March. Yet, experts said that, in the last weeks, although the oil price oscillated, it maintained at 66-67 dollars, after it had decreased to the lowest level in the last weeks, respectively 63.39 dollars, on 1 March. A correction of the oil price earlier this week took place as a result of the geopolitical tension triggered by temporary interruptions of supplies from Venezuela and dismissal of the U.S. Secretary of State Rex Tillerson, described by traders as an intention to impose economic sanctions against Iran, which can limit the oil export from this country.
The slight increase of prices was caused also by a reaction of dealers to forecasts of the International Energy Agency, which expects a rise in the demand of oil by 1.5 million barrels per day in 2018, amid a strong growth of the economies of China and India. At the same time, Russia informed that, after the market stabilizes, the gradual exit of Russia from OPEC+ is not excluded, which provides for the limiting of oil extraction.
(Reporter V. Bercu, editor M. Jantovan)
