Fuel prices on home market should be decreased, ANRE

The decline in the import prices of oil products during the last two months is an objective precondition for the oil companies in Moldova to review the oil prices at filling stations. The suggestion was made by specialists of the National Agency for Energy Regulation (ANRE), IPN reports.

According to a communiqué from the ANRE, the average monthly import price of gasoline, compared with the period when the retail prices of gasoline were set, decreased by 6%, from US$1,120 per tonne in February 2013 to US$1,054 in April.

The average monthly import price of diesel fuel diminished by 5.5%, from US$1,042 per tonne to US$984. The price of liquefied petroleum gas fell by about 25%.

The Agency’s specialists believe that the prices of gasoline and diesel fuel on the domestic market should be reduced by at least 3%, while the price of liquefied petroleum gas by at least 15%.

The ANRE cannot intervene in setting the fuel prices, but is empowered to issue or withdraw licenses and to monitor the market so that the operators do not exceed the profit margin of 10% on oil products.

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