President Maia Sandu on May 5 promulgated the law that caps the prices of oil products. According to the official, the necessity of capping the prices of oil products by law appeared as a result of the cartel agreements existing on the oil products market and the inaction of the Competition Council, IPN reports.
Maia Sandu noted the law that came from Parliament is weak as it contains unclear provisions that were probably introduced by particular MPs, but she decided it is better to sign it as it is and to later propose amendments, immediately after the elections. “The next Parliament will have to improve this law together with the Government, to bring things in this field in order,” she stated.
President Sandu noted she will recommend the MPs to amend the provisions that refer to the method of capping the prices of liquefied petroleum gas, to adjust the law to the quality standards and to correct the formula specified in the law, where there is confusion between volume and weight.
The official said the promulgation of the law is a signal given to the market players, the mentioned institutions and the politicians who defend group interests that the unjustified price rises and unjust enrichment of some of the persons will no longer be tolerated.
The last time the fuel prices were raised at the end of April.
