Moldovan parliament adopts new rules of establishing prices for oil products

Chisinau, 24 August /MOLDPRES/ - The draft on amendment of the law on the oil products market was approved in the second reading today. The new law will enter into force on the date of its publication in Moldova’s Official Journal. The National Energy Regulatory Agency  (ANRE) will bring its normative acts in line with the law in a period of 30 working days after the law’s entrance into force.  

The document sees that ANRE will establish the maximal retail selling prices for the standard-type principal oil products on each working day. They will be valid as of 00:01 for the next day/days to the one/ones when they were established. The maximal retail selling prices for the standard-type principal oil products will be published on ANRE’s official webpage.      

Under the draft law, the retail sale of the principal standard-type oil products at a price exceeding the maximal price established by the National Energy Regulatory Agency is banned.   

At the same time, the Agency will elaborate the Methodology of calculation and enforcement of the prices for oil products, in line with the general Norms of calculation and enforcement of the prices for the principal standard-type oil products.

The draft on amendment of the law on the oil products market also provides for a fivefold decrease in the compulsory capacity of depositing, which an importer should meet, and namely from 5,000 cubic metres to 1,000 cubic metres.    

Another stipulation of the draft refers to removing the need to have a quantum of at least 8 million lei one’s own capital, as this minimal quantum hinders the appearance of more economic agents on market, the document’s authors said.  

photo: autoguide.com