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Romania’s Petrom To Cut Gasoline Pump Prices By RON0.06/Liter

Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), will cut Saturday its gasoline pump prices by 0.06 lei (EUR1=RON3.6610) per liter, keeping the same prices for the diesel oil, the company said in a statement.
Romania’s Petrom To Cut Gasoline Pump Prices By RON0.06/Liter
31 oct. 2008, 13:58, English

As of Saturday, one liter of unleaded Premium 95 and unleaded Top Premium 99+ will cost RON3.37, and RON3.7 per liter, respectively.

One liter of OMV Carrera 95 and of OMV Carrera 100 will also cost less, namely RON3.47 and RON4.1, respectively.

The latest pump price cut operated by Petrom was on Monday, when the company cut its gas and diesel oil pump prices by RON0.10 per liter.

According to Petrom’s strategy, the prices of fuel sold in its gas stations may vary by +/- 5%, compared with the reference prices, the company announced.

Petrom’s price policy takes into account international oil prices but also the local market evolution. The company operates some 450 gas stations in Romania.