fuel

Romanian PM Asks Whether Fuel Prices Can Be Frozen

Romanian Prime Minister Emil Boc has asked the Competition Council and Department for European Affairs to check whether fuel prices can be frozen in Romania on the basis of a law providing such an exception, but adopted before joining the European Union.

Romanian Petrom Sets Tone For New Fuel Price Hikes With RON0.09 Raise

Romania’s largest oil company OMV Petrom (SNP.RO) Friday raised its gasoline and diesel oil pump prices by 0.09 lei (EUR1=RON4.2065) per liter, which could trigger similar increases from other local fuel sellers.

Romania Wants To Subsidize Diesel Price Hikes For Farmers

Romanian Agriculture Minister Valeriu Tabara told a news conference Tuesday the ministry wants to subsidize price hikes for diesel fuel used in farming if it gets the approval of the European Commission.

Romanian Rompetrol Cuts Fuel Prices By RON0.06/Liter

Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunayGaz, cut Tuesday its gasoline and diesel oil prices by 0.06 lei (EUR1=RON4.1319) per liter.

Rompetrol Sees Romanian Fuel Pump Prices Up By 7% In ‘10

Romanian fuel pump prices are likely to grow by 5% to 7% on the year to an average of 4.2 lei (EUR1=RON4.2778) per liter in 2010, on earmarked excise duty increases and potential higher crude oil prices, Rompetrol Downstream said Thursday.

Romanian Police Use Warning Shots To Catch Fuel Theft Suspects

Romanian police in Constanta county, southeastern Romania, had to use their weapons Monday night to catch a young man caught stealing fuel from freight train wagons near a train station in the county.

Romanian Petrom To Hike Fuel Prices By RON0.6 Per Liter

Romania’s largest oil company Petrom SA (SNP.RO) will increase Tuesday the gasoline and diesel oil prices by 0.6 lei (EUR1=RON4.2877) per liter, the company said.

Romania’s Winter Fuel Stocks Ensured, After RON4.3B Investment

The Romanian Economy Ministry on Friday said it ensured fuel stocks for electricity and heat producers during the winter period, following investments of 4.3 billion lei (EUR1=RON4.2046).

Romania’s Rompetrol Cuts Fuel Prices By RON0.04/Liter

Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunayGaz, will cut Tuesday its gasoline and diesel oil pump prices by 0.04 lei (EUR1-RON4.2747) per liter.

Romania’s Petrom Cuts Fuel Prices By RON0.03/Liter

Romania’s largest oil company Petrom (SNP.RO) Monday cut its gasoline and diesel oil pump prices by 0.03 lei (EUR1=RON4.2552) per liter.

Romania Subsidizes Diesel Fuel By RON1/Liter For Autumn Farm Works

Romania’s Agriculture Ministry will grant farmers a subsidy of 1 leu (EUR1=RON4.2143) for one liter of diesel fuel, used in autumn seeding works, minister Ilie Sarbu said Tuesday.

Romania’s Petrom Hikes Pump Prices By Up To RON0.09/Liter

Romania’s largest oil company Petrom (SNP.RO) Tuesday rose its gasoline and diesel oil pump prices by 0.09 lei (EUR1=RON4.2096) and RON0.06 per liter, respectively, due to the evolution of the international quotations of crude oil products.

Romanian Fuel Consumption Seen Slightly Up By YrEnd, After 10% Fall In 1H – MOL

MOL Romania, the local unit of Hungary's oil group MOL, expects a slight increase in fuel consumption by the end of the year, after a fall of over 10% on the segment of corporate clients in the first half of the year.

Romania’s Rompetrol Hikes Pump Prices By Up To RON0.07 Per Liter

Romania’s second-largest oil group Rompetrol, owned by Kazakhstan's KazMunaiGaz, will increase its gasoline and diesel oil pump prices by 0.07 lei (EUR1=RON4.2317) and RON0.05 per liter, respectively, five days after the last price hike.

Romanian Railway Cos May Be Exempted From Paying Fuel Excise

Romania’s railway companies may be exempted from the payment of fuel excise, in view of ensuring a balance on the transport market, through re-launching the railway transport, according to the European Union requirements, Ministry of Transport proposed in a draft law.

Fuel Excise Hike, Not Excluded By Fin Min To Boost Budget Revenues

Romania's Government might hike fuel excises in 2009 to increase the budget revenues, finance minister Gheorghe Pogea said Wednesday.

Romania’s Rompetrol Cuts Gas, Diesel Oil Pump Prices

Romania’s Rompetrol Downstream, the fuel distribution unit of oil group Rompetrol, will cut Saturday its gasoline and diesel oil pump prices by 0.08 lei (EUR1= RON4.2797), and RON0.12 per liter, respectively, the company said in a statement.

Romania’s Rompetrol Hikes Gasoline, Diesel Oil Prices

Romania’s second-largest oil company Rompetrol Group NV rose Wednesday its gasoline and diesel oil reference prices by 0.09 lei (EUR1=RON4.2340) per liter and RON0.05 per liter respectively, the company said in a statement.

Romania’s Rompetrol Hikes Fuel Prices By RON0.03/Liter

Rompetrol Downstream, the fuel distribution unit of Romania’s second-largest oil company Rompetrol Group NV , hiked Wednesday its gasoline and diesel oil reference prices by 0.03 lei (EUR1=RON4.3098) per liter, the company said in a statement.

Romania’s ELCEN To Buy 200,000 Tons Of Fuel Oil From Petrom For $60M

Romanian power producer Electrocentrale Bucuresti ELCEN, part of state-owned power distributor Termoelectrica, wants to buy 200,000 tons of fuel oil from the country’s largest oil company Petrom (SNP.RO), for which it can pay around $60 million, sources within ELCEN said Wednesday.

Romania’s Rompetrol To Cut Diesel Oil Pump Prices By RON0.05 Per Liter

Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Thursday its diesel oil pump prices by 0.05 lei (EUR1=RON 3.8131) per liter, the company said in a statement.

Romania’s Rompetrol To Cut Diesel Oil, Gas Pump Prices By RON0.03 Per Liter

Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Monday its diesel oil and gas pump prices by 0.03 lei (EUR1= RON3.8258) per liter, the company said in a statement.

Romania’s Rompetrol To Cut Gas, Diesel Oil Pump Prices By RON0.05, RON0.03 Per Liter

Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Friday its gasoline and diesel oil pump prices by 0.05 lei (EUR1=RON3.6140) per liter, and RON0.03 per liter, respectively, the company said in a statement.

Romania’s Rompetrol To Cut Gas, Diesel Oil Pump Prices By RON0.04, RON0.08 Per Liter

Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Tuesday its gasoline and diesel oil pump prices by 0.04 lei (EUR1=RON3.5644) per liter, and RON0.08 per liter, respectively, the company said in a statement.

Romania’s Rompetrol To Cut Pump Prices By RON0.06 Per Liter

Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Friday its pump prices by 0.06 lei (EUR1= RON3.4763) per liter, the company said in a statement.

Romania’s Rompetrol To Cut Gas, Diesel Oil Pump Prices By RON0.08, RON0.05 Per Liter

Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Friday its gasoline and diesel oil pump prices by 0.08 lei (EUR1=RON3.5366) per liter, and RON0.05 per liter, respectively, the company said in a statement.

Lukoil Romania Cuts Gasoline, Diesel Oil Pump Prices

Lukoil Romania, a unit of Russian oil company Lukoil Holdings, cut Tuesday gasoline and diesel oil pump prices, by 0.04 lei (EUR1=RON3.5475) per liter and RON0.05 per liter, respectively, for the third time in two weeks.

Rompetrol, Lukoil Romania Cut Pump Prices

Romania’s second-largest oil company Rompetrol Group NV and Lukoil Romania cut Friday gasoline and diesel oil pump prices, the companies said.

Romania’s Rompetrol To Cut Pump Prices By RON0.05/Liter

Romania’s second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, will cut Thursday its pump prices by 0.05 lei (EUR1=RON3.5842) per liter, the company said in a statement.

Oil Cos Cause Problems, Not The Fiscal Policy – Romanian Econ Fin Min

A decrease in excises and taxes for car fuels does not guarantee price decreases, in Romania the problem comes from the behavior of companies, not from the state’s fiscal policy, said economy and finance minister Varujan Vosganian.

Romanian Oil Co Petrom Fuel Prices Could Be Dn 10%, Pft Not Impacted -Econ Min

Romania’s largest vertically integrated oil company Petrom (SNP.RO) could decrease fuel prices between 5% or 10% without affecting the company’s net profit, which might also trigger lower fuel prices from the other oil companies, minister of economy and finance Varujan Vosganian said Friday.

Romania’s Rompetrol Hikes Diesel Oil, Keeps Gas Prices

Romania’s second-largest oil company, Rompetrol Group NV hikes this week the diesel oil pump prices by 0.02 lei/liter (EUR1-RON 3.7694), and maintains the gas prices, the company said in a statement Monday.