Romanian Rompetrol Ups Fuel Pump Prices By RON0.09 Per Liter

Romanian oil company Rompetrol increased fuel pump prices Wednesday by up to 0.09 lei (EUR1=RON4.1869) per liter, a day after OMV Petrom (SNP.RO) operated a similar increase.

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Thus, Rompetrol fuels now have prices between RON5.3 and RON5.97 per liter, according to company data.

OMV Petrom, which holds a 40% share of the fuel market, upped its pump prices by RON0.09 Tuesday. The company, owned by Austria group OMV, is a pricing trend setter on the market.

Rompetrol is held by Kazakh state-owned oil group KazMunayGas.

Romania's main fuel distributors are OMV Petrom, Rompetrol, Lukoil Romania (a subsidiary of Russian group Lukoil) and Hungarian MOL.

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