The National Agency for Energy Regulation (NAER) on September 1 modified its previous decision by which it set profit margins on the wholesaling of the main oil products and the retailing and wholesaling of liquefied petroleum gas and also modified the profit margin on the retailing of the main oil products, this being renamed “specific profit margin”, IPN reports.

The specific profit margin was recalculated according to the earlier agreed principle, except for the value of the efficiency index of the oil products market that was renamed “optimization coefficient” that, according to the new legal provisions, cannot exceed 10% of the weighted average of the specific profit margins of the oil market operators. The goal is to establish a balanced market model built based on the interests of consumers and of oil companies, primarily small ones. The highest optimization coefficient of 10% for the second half of 2021 will be 2.62 lei/liter, stated NAER.  

The Agency also said that the draft decision is urgent in character and has immediate effects. Starting with September 2, until midday, NAER on its website will publish the highest retailing prices of the main standard oil products, which will represent a ceiling for all the filling stations of Moldova.

The filling stations can retrial other types of main oil products than the ones for which NAER sets price ceilings on condition that they also sell the standard oil products.