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THE RESOLUTION OF THE NATIONAL AGENCY ON REGULATION IN POWER INDUSTRY OF THE REPUBLIC OF MOLDOVA

of October 12, 2021 No. 446

About approval of Methodology of calculation and use of prices of oil products

Based on part (5) article 6 of the Law on the market of oil products No. 461/2001 (Art. No. 40-49, 82), with subsequent changes is repeatedly published in the Official monitor of the Republic of Moldova, 2017, the Administrative board of the National agency on regulation in power DECIDES:

1. Approve Methodology of calculation and use of prices of oil products it (is applied).

2. Recognize invalid the Methodology of calculation and use of prices of oil products approved by the Resolution of Administrative board of the National agency on regulation in power No. 254 of June 16, 2021. (Official monitor of the Republic of Moldova, 2021, No. 158, Art. 725).

3. This resolution becomes effective from the date of publication in the Official monitor of the Republic of Moldova.

4. To national regulation agency in power, in 3-month time from the date of entry into force of this resolution to execute all necessary measures for functioning of the electronic platform provided in item 15 of Methodology.

CEO

Vyacheslav Untila

Directors

Octavian Kalmyk

 

Eudzhen Karpov

 

Stefan Krjange

 

Violina Shpak

 

Approved by the Resolution of the National agency on regulation in power industry of the Republic of Moldova of October 12, 2021 No. 446

Methodology of calculation and use of prices of oil products

Part 1 General provisions

1. The methodology of calculation and use of prices of oil products regulates procedure for formation of sales prices of the main oil products of standard type.

2. The mechanism used when calculating sales prices of the main oil products of standard type provides need of their compliance to the following principles:

a) promote reliable and effective providing consumers with the main oil products of standard type;

b) cover the cost of the main oil products of standard type, and also necessary expenses on activities for their retail sale;

c) provide protection of legitimate interests of consumers of the main oil products of standard type.

3. The methodology of calculation and use of the prices of the main oil products of standard type establishes:

a) procedure of payments of maximum prices of retail sale of the main oil products of standard type;

c) method of determination by the National agency on regulation in power (further - the Agency) specific trade margin in case of realization of the main oil products of standard type;

d) method of application owners of licenses of the prices of retail sale of the main oil products of standard type.

Part 2 Procedure of payments of maximum prices of realization of the main oil products of standard type

4. Maximum prices of retail sale of the main oil products of standard type are calculated by the Agency for 1 liter, separately on each type of the main oil product of standard type, on formula:

рис 1 446-21

where:

PC - maximum price of retail sale of the main oil products of standard type, lei/litre;

PL - average value of average quotations:

- on gasoline 95 - Gasoline Prem Unleaded 10ppmS FOB Med Cargo, for 14 previous days, $/ton;

- on diesel fuel - ULSD 10ppmS FOB Med Cargo, for 14 previous days, $/ton.

CV - the official average exchange rate established by National Bank of Moldova for 14 previous days, lei/$;

AC - the rate of excises applied according to the Tax code of the Republic of Moldova, lei/ton;

рис 4 446-21 - the average density of gasoline in the amount of 0,758 of kg/l and diesel fuel - in the amount of kg/l 0,845;

MC (n) - specific trade margin in case of retail sale of the main oil products of standard type, lei/litre, on semester (n);

TVA - the VAT rate applied according to the Tax code of the Republic of Moldova.

5. Each working day, till 12:00 o'clock, the Agency publishes maximum prices of retail sale of the main oil products of standard type on the web page. These prices are effective from 00:01 o'clock within one/several days following behind day of their establishment.

Part 3 the Specific trade margin in case of realization of oil products

6. The specific trade margin in case of retail sale of the main oil products of standard type includes expenses on transportation and insurance to the territory of the Republic of Moldova (including oil processing margin), expenses on the handling works and warehousing, other expenses connected with retail sale and also profit.

7. The size of specific trade margin in case of retail sale of the main oil products of standard type, on the first semester, basic semester of application of Methodology (), quarterly is calculated and affirms the Agency on average general profit level and own expenses of all participants of the retail market of the main oil products, in 5 years preceding the first year of action of Methodology on the following formula:

рис 2 446-21

where:

PMb-5 - the average actual quarter price of retail sale of the main oil products, in 5 years preceding the first year of action of Methodology;

PLb-5 - average quarter value of average quotations Gasoline Prem Unleaded 10ppmS FOB Med Cargo and ULSD 10ppmS FOB Med Cargo, in 5 years preceding the first year of action of Methodology;

CVb-5 - the average quarter exchange rate established National by bank of Moldova in 5 years preceding the first year of action of Methodology, lei/$;

ACb-5 - the rate of excises applied quarterly in 5 years preceding the first year of action of Methodology according to the Tax code of the Republic of Moldova;

TVAb-5 - the rate of the value added tax applied quarterly in 5 years preceding the first year of action of Methodology according to the Tax code of the Republic of Moldova.

рис 4 446-21- the average density of gasoline in the amount of 0,758 of kg/l and diesel fuel - in the amount of kg/l 0,845.

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