OREANDA-NEWS. December 08, 2010. Both petrol and diesel oil went up in price by 0.8 lei for a liter, respectively, from 14.15 to 14.95 leis (Ai-95 petrol); from 12.6 to 13.4 leis (diesel). Retail prices for oil products didn’t change in the country for six months: on June 15, prices went up on average by 3%. Ai-95 petrol went up in price from 13.75 leis to 14.15 leis for a liter (USD 1.1); diesel oil – from 12.2 leis to 12.6 leis for a liter (USD 0.98).

Since oil products are imported to Moldova, there are three major factors influencing their cost in the home market: the price of the Brent oil (main reference), price of petrol and diesel oil in the Platts' market (closely tied with the cost of oil in terms of dynamics) and the MDL exchange rate against USD (as oil products are purchased in USD and sold in MDL). On June 15, a barrel of oil cost USD 76.09, on December 5 - USD 91.6.

The growth has been 20.43%. A tone of petrol in the Platt's market on June 15 was USD 703.1; that of diesel - USD 742; in early December -– USD 786 and USD 742, respectively; the growth has been 11.8% and 10.42%. Analytics say the growth of the world prices for oil products was partially compensated by strengthening of MDL in summer-autumn (the exchange rate as of June 15 – 12.0949 leis for USD 1, however November-December saw devaluation of the local currency – 12.2552 leis for USD 1).
 
By now, oil product importers have practically emptied their stock and purchase oil products at the current prices of the international market. Big companies importing and selling oil products say the rise in retail prices is not profitable for them as it results in the reduction of petrol and diesel oil consumption. In their turn, transporting companies say passenger and cargo transportation services might go up in price by 5-7% with the growth of prices for fuel.