Gasoline will cost by 0.09 lei less, while diesel fuel by 0.11 lei less during the next two weeks. The price ceilings announced by the National Agency for Energy Regulation for July 25 – August 7 are 19.01 lei per liter of gasoline and 16.89 lei per liter of diesel fuel, IPN reports.
According to the Agency, the retail price ceilings for gasoline and diesel fuel are calculated based on the average Platts quotations recalculated in Moldovan lei depending on the official average exchange rate of the national currency against the US dollar for the past 14 calendar days.
Compared with the current fuel price ceilings, the average Platts quotations decreased by US$ 0.10 (-0.01%) per tonne of gasoline and by US$ 0.82 (-0.13%) per tonne of diesel fuel. The average exchange rate of the national currency against the US dollar was 16. 6771 lei/USD. Thus, the rise in the average Platts quotations recalculated in Moldovan lei was 0.09 lei per liter of gasoline and 0.11 lei per liter of diesel fuel, including VAT.
The other components of the price ceiling remained unchanged during the past two weeks, consisting of the VAT rate of 20%, the excise duty of 3.76 lei/liter for gasoline and of 1.76 lei/liter for diesel fuel.
On July 21, Parliament adopted a bill to amend and supplement the Law on the Oil Products Market in the first and second readings. Thus, the National Agency for Energy Regulation will set the price ceilings of the main oil products quarterly, not once every two weeks as now.
