The Ministry of Economy submitted the bill with amendments to the Law on the Oil Products Market to the Government for approval, IPN reports.
According to a communiqué from the Ministry, in order to avoid major volatility on the oil products market, it is suggested calculating the top retail and wholesale prices of the main oil products based on the Platt’s Mediterranean quotations (reference prices for most of the transactions with oil products in the region) and of liquefied petroleum gas.
The bill contains provisions that enable the National Agency for Energy Regulation to intervene in setting the highest margins when the exchange rate increases or decreases by over 3% against the previous reference rate.
In order to facilitate the entrepreneurship activity by allowing new companies to enter the given market and to reduce the costs incurred by the operators on the oil products market, the obligation to have own or rented storehouses for keeping oil products, imposed on the importers of the main oil products, will be excluded. The condition of having own capital of 8 million lei will also be removed.
The bill also provides for the exclusion of the license for importing oil products for own consumption. This applies to agricultural farmsteads, carriers, etc. They will not yet have the right to sell oil products on the home market.
