A bill that sets down general norms for calculating and applying the prices of the main oil products is to be examined in Parliament next week. Such a decision was taken in the March 4 sitting of the legislature, IPN reports.

Bill author Alexandru Oleinic said the proposed amendments are aimed at limiting abuses by creating an economic environment based on the principle of market economy. “The changes adopted by Parliament to the law on oil products market in July 2018, by which the importers and sellers of oil products are allowed to set the prices themselves, are unjustified,” stated the MP.

The bill contains an annex where it is presented the formula for calculating the highest retail prices of oil products.

According to the author, the law will help build a more equitable competition environment on the market, especially in relation to small companies. The regulation of prices will exclude possible abuses on the part of large operators and unfair competition. The goal of the proposal is to set fair oil prices in accordance with the fluctuations on the international and regional stock exchanges (Platts).