Romanian Ctrl Bank Head Says Puzzled By Local Fuel Price Evolution

The central bank „doesn’t quite understand the logic behind the evolution of fuel prices on the domestic market,” Isarescu said at the presentation of the third-quarter inflation report.

„The (price) fluctuations are too wide and we can’t find an explanation other than they must be influenced by divergent factors,” he added.

Isarescu said fuel prices have gone up, if only temporarily, even when the leu markedly strengthened against the US dollar, as international oil prices did not justify such an increase on the local market.