Prime Minister Iurie Leanca asked hastening the approval of the new methodology for setting the prices of oil products, IPN reports.

“There is an oil price formation tendency that nobody can neglect, but in our country these tendencies produce the opposite effect. When the price of a barrel of oil decreases on the international markets from US$111 per barrel to US$97, yesterday to US$96, the prices in Moldova go up, allegedly in the light of the depreciation of the leu. We have held negotiations with the National Energy Regulatory Agency and with companies working in the field for years so as to approve a new clear methodology for setting prices, but this didn’t happen,” Iurie Leanca said in the September 29 meeting of the Cabinet.

According to the Premier, the new methodology that was worked out with the participation of representatives of the National Energy Regulatory Agency and companies from the field will bring more clarity in the process of setting oil prices.

The new methodology was published on the Agency’s website for public debates on August 14. In accordance with the legal procedures, proposals can be submitted within 15 workdays, but the methodology hasn’t been yet approved.