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Price of 95 petrol to be 30.09 lei per liter, diesel - 27.48 lei / liter on 19 May

12:22 | 18.05.2022 Category: Economic

Chisinau, May 18 / MOLDPRES /- For 19 May 2022, the following maximum retail prices of the main petroleum products of the standard type were established: COR 95 petrol - 30.09 lei / liter; diesel - 27.48 lei / liter, the National Agency for Energy Regulation (ANRE) has reported.

ANRE explained in this context that lately, there has been a considerable increase in international petrol prices and a repositioning of its price in relation to that of diesel, which is following a slight decrease.

According to the institution, if during March and April there was an atypical phenomenon of more pronounced increase in Platts quotations for diesel, which led to a temporary exceeding of its selling price in relation to gasoline, then from the beginning of this month the parity between the two types of fuels is being repositioned.

"For comparison, if during March and April, a ton of diesel was priced more expensive than a ton of petrol by about $ 30-170 per ton, then in the last session of May 17 petrol was already sold for $ 184 / ton more expensive than diesel. Consequently, during the current month we observe an increase in petrol prices by $ 159.5 / ton and a decrease in diesel prices by $ 57.5 / ton ", ANRE said.

Another factor that contributes to the increase of the final price is the increase in the same period by about 0.50 lei of the exchange rate of the national currency against the US dollar. "At the same time, oil prices are still affected by high demand from the Ukrainian market and the prospects of the European Union refusing to import crude oil and oil products from the Russian Federation," the agency said.

ANRE said that the pricing mechanism for petroleum products, applied since September 1, 2021, comes to provide consumers with fair, transparent and easy to verify prices, the developments on the international market being accurately reflected in the price at the pump both as Platts quotes rise and fall.

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