Romania’s Petrom Hikes Gasoline Pump Prices By RON0.07/Liter

Romania’s dominant oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), will hike Thursday its gasoline pump prices by 0.07 lei (EUR1=RON4.2939) per liter, keeping the same price for its diesel oil, the company said in a statement.

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Thus, one liter of unleaded Premium gasoline will cost RON3.32 as of Thursday, while the unleaded Top Premium gasoline will be sold with RON3.65 per liter.

One liter of OMV Carrera 95 and OMV Carrera 100 will be sold with RON3.42, and RON4.05, respectively.

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.

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