The bill that contains a new oil price formation methodology and that enables agricultural producers to import diesel fuel for own consumption is almost ready. It was discussed in the meeting of the special commission for working out a package of legislative amendments for supporting the famers on July 1, IPN reports.

According to the Parliament’s press service, the new provisions, which are in line with the European practice, stipulate that the retail prices of the main oil products will be calculated based on the average Platts FOB MED quotations, in accordance with the European Marketscan, and recalculated in national currency.

Both the agricultural producers and the representatives of oil companies welcomed the proposed amendments, saying the current methodology is old and inefficient. “We are satisfied with the progress made by the special commission. I think that the whole agricultural package will be submitted to the legislature for adoption at the start of next week. It could be passed by July 15 or by the end of the spring session at the latest. The commission is to present a report in Parliament,” said Speaker Andrian Candu.

In the previous meeting, the special commission, which consists of MPs of all the parliamentary groups, proposed six bills for examination. The commission was set up at the suggestion of Andrian Candu.  By July 1, it was to put forward legislative initiatives for developing agriculture and supporting the national farmers.