Given the ascending tendency of the international quotations and the rise of up to 9% in excise duties stipulated in the budgetary-fiscal and customs policy for 2021, the retail prices of diesel fuel are expected to go up. The Competition Council said it will continue to attentively follow the developments on the oil products market and will intervene promptly if it identifies signs of violation of the competition legislation, IPN reports.
According to the Council, after the unprecedented fall in oil prices at stock exchanges in the spring of 2020, the international quotations during the past two months followed an upward trend and reached the level witnessed before the crisis. As a result, rises in the pump prices of oil products were seen in the countries of the region. In the neighboring Romania and Ukraine, the retail prices of gasoline and diesel fuel grew by 10-11% on average the past three months.
Being a net importer of oil products, the Republic of Moldova is directly influenced by the global developments. Consequently, after a period of several months of relative stability of retail prices, the gasoline and fuel pump prices rose by 4.4% on average, while the pump price of liquefied petroleum gas increased by 6.9%.
