Fuel prices in Moldova continue to rise against the backdrop of record oil prices on international exchanges, and all fuel imports into the country have been redirected to the western border - NAER.
This was announced by the National Agency for Energy Regulation, noting that the energy regulator carries out strict monitoring of the situation on the fuel market of Moldova, which has been facing the consequences of the tragic events in Ukraine for the second week. As emphasized in NAER, the current regional context excludes the possibility of using traditional routes for transporting oil products from Russia, Belarus, Ukraine, which leads to the reorientation of all fuel imports to the western border. This factor implies, for some oil companies importing from the region, both a change in supply chains and the search for new suppliers. NAER indicates that this situation may have a short-term impact on their ability to maintain the full functionality of their filling stations. The energy regulator noted that this phenomenon is not of a systemic nature and does not affect the network of gas stations, which are traditionally supplied with fuel from Romania. It is emphasized that, in addition to the logistical factor, in recent days the market has been strongly influenced by record prices on international exchanges. Thus, the price of a barrel of Brent oil on the market exceeded $139, approaching the absolute record registered in 2008. Platts quotes, in turn, exceeded $1,100 and $1,150 per ton of gasoline and diesel fuel, respectively, and are now at their highest level in 10 years. Accordingly, on March 8 and 9, NAER set the following maximum retail prices for the main standard oil products: petrol COR 95 – 25.69 lei/liter (+0.43 lei compared to the previous day); diesel fuel without a commercial name - 23.11 lei/liter (+0.72 lei). NAER confirms that current imports and total fuel stocks in the country cover consumption needs and do not represent systemic risk factors for consumers. In case of temporary shortage of fuel at some petrol stations caused by the above factors, NAER recommends refueling at other available petrol stations. In this regard, the agency asks consumers to be understanding of the dramatic situation in the region and use trusted sources of information. As noted, all responsible institutions in Moldova are closely monitoring the development of the situation and are constantly striving to ensure the necessary amount of fuel in the country in these emergency conditions. // 07.03.2022 — InfoMarket
