Romania’s Petrom To Cut Pump Prices By RON0.04/Liter

Petrom cut last week its gasoline and diesel oil pump prices by RON0.08 per liter, and RON0.07 per liter, respectively.

As of Wednesday, Petrom will cut ECO Premium 95 prices to RON3.93 per liter, while unleaded Premium and unleaded Top Premium will cost RON3.9, and RON4.23 per liter, respectively.

Also, one liter of OMV Carrera 95 and of OMV Carrera 100 will also cost less, namely RON4 and RON4.63, respectively.

One liter of Top Euro Diesel 4 will cost RON4.31, while one liter of OMV Sprint Diesel will cost RON4.36 per liter.

Petrom’s Euro Diesel 4 will cost RON4.23, and OMV Premium Diesel will cost RON4.64 per liter, the company said.

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.

Petrom is the largest corporation in Romania and the largest gas and oil producer in Southeastern Europe. In December 2004, Petrom was privatized and became a part of OMV AG (OMV.VI), which is the majority shareholder.

International oil prices, which affect the fuel price, rose by 50% since the beginning of the year, and doubled compared with the corresponding period a year earlier, hitting a historic record of over $147 per barrel on July 11. On Tuesday, the price of the oil barrel exceeded $117.