Gasoline COR 95 on June 14 will cost 33.77 lei/liter, up 0.22 lei on today. Diesel fuel will be sold for at most 31.34 lei/liter, up 0.43 lei. These are the price ceilings set by the National Agency for Energy Regulation, IPN reports.

According to the Agency, owing to the changes on the world oil market, the correlation between the Brent crude oil quotations and the Platts quotations for derivatives (gasoline and diesel fuel) became less probable, being dictated exclusively by the supply and demand in a particular region.

Moldova does not have own refineries and the use of the Brent oil price quotations in economic analyses or calculations is relevant strictly for forecasting a market trend, not yet for exact calculations. For the purpose, it is right to use the Platts quotations for gasoline and diesel fuel.

According to the data published by the Agency, the average Platts quotation for gasoline expressed in lei on May 27, 2022 was 17.60 lei/liter, while on June 10, 2022 it was already 20.62 lei/liter or by 17.1% higher. In the period, the highest price of diesel fuel grew from 27.29 lei/liter to 30/91 lei/liter or by 13.26%.

“The National Agency for Energy Regulation guarantees the correctness of the retail price ceilings of the main oil products of standard type, calculated in accordance with the current normative documents, and monitors how all the companies operating in the sector observes them,” the institution noted in a press release.