fuel prices

Romania Ctrl Bk: Fuel Price Freeze Detrimental In Long Run

A price freeze on fuels would be detrimental to Romania in the long run, central bank governor Mugur Isarescu said Thursday.

Rompetrol Adds RON0.07 To Gasoline Pump Prices, Cuts RON0.03 Off Diesel Prices

Romanian fuel distributor Rompetrol Downstream on Friday increased pump prices for gasoline by 0.07 lei (EUR0.017) per liter, but decreased diesel fuel prices by RON0.03 per liter.

Lukoil Romania Follows Fuel Price Moves With RON0.06/Liter Hike

Oil company Lukoil Romania on Friday raised its pump prices by 0.06 lei (EUR1=RON4.1146) per liter, after competitors OMV Petrom (SNP.RO) and Rompetrol announced price increases by RON0.09 per liter earlier the same day.

Romanian OMV Petrom Prepares To Raise Fuel Prices – CEO

Romania's largest oil company OMV Petrom (SNP.RO) will raise its fuel prices in the coming days, following the increase of international crude oil quotations as a result of social and political tensions in the Middle East and North Africa.

Romanian Petrom Pins Fuel Price Hikes Only On Tax, US Dollar, Intl Oil Prices

Romanian oil company OMV Petrom (SNP.RO) Wednesday said the fuel price changes were only due to tax raises, mainly the sales tax, to international oil prices and to the US dollar's exchange rate, rejecting local tax authorities' claims of unjustified increases.

Romanian PM Calls For Fiscal, Competition Scrutiny On Oil Cos

Fuel resellers cannot blame pump price hikes on the local taxation, Wednesday said Romanian Prime Minister Emil Boc, who called for additional inspections by the tax and competition authorities targeting the oil companies.

Romanian Carmakers See High Fuel Prices Driving Romanians To Fuel-Efficient Cars

Higher fuel prices will have tow main effects on Romanian drivers, who are expected to use their cars less and get cars that are more fuel-efficient, Brent Valmar, vice-president of the Romanian carmakers and importers association (APIA), said Monday.

Romanians Protest Fuel Price Hikes At Gas Stations Countrywide

Hundreds of Romanians have protested recent fuel price hikes by picketing gas stations throughout the country and paying for fuel in coins as pump prices have risen over 15% last year, adding to a 13% growth in 2009.

Romania May Impose Additional Tax For Unjustified Fuel Price Growth – PM

Romania’s Government may introduce specific counter measures on the market, as special purpose taxes, against the producers who increase fuel prices rapidly and unjustifiably, Prime Minister Emil Boc told the public TV station Monday evening.

Romanian Ctrl Bank Head Says Puzzled By Local Fuel Price Evolution

Romanian fuel prices are not linked to the evolution of the main factors that are supposed to influence their trajectory, central bank governor Mugur Isarescu said Thursday.

Romania’s Petrom Hikes Pump Prices By RON0.06 Per Liter

Romania’s largest oil company Petrom SA (SNP.RO) raised Monday the gasoline and diesel oil prices by 0.06 lei (EUR1=RON4.2282) per liter, following the international oil price increase, the company said in a statement.

Lukoil Romania Hikes Gas, Diesel Oil, Cuts LPG Pump Prices

Lukoil Romania, a unit of Russian oil company Lukoil Holdings, increased Tuesday its gasoline and diesel oil pump prices by 0.02 lei (EUR1=RON4.2924) per liter and cut the liquefied petroleum gas (LPG) prices by the same amopunt, the company said in a statement.

Romania’s Petrom Hikes Gas, Diesel Oil Pump Prices By RON0.09/Liter

Romania’s largest vertically integrated oil company Petrom (SNP.RO), owned by Austria’s OMV (OMV.VI), hiked Monday its gasoline and diesel oil pump prices by 0.09 lei (EUR1=RON 4.2775) per liter, due to the international oil price increase, the company said in a statement.

Romania’s Petrom To Cut Diesel Oil Pump Prices By RON0.05/Liter

Romania’s largest vertically integrated oil company Petrom (SNP.RO) will cut Monday its diesel oil pump prices by 0.05 lei (EUR1=RON3.5224) per liter, and will keep unchanged its gas prices, the company said in a statement.

Romania’s Petrom Hikes Gasoline, Diesel Oil Pump Prices

Romania’s largest oil company Petrom SA (SNP.RO) hiked Wednesday gasoline and diesel oil pump prices by 0.07 lei (EUR1=RON3.6612) per liter and RON0.06 per liter respectively, the company said in a statement.

Romanian Oil Co Petrom Fuel Prices Are Defiant -Econ Min

The high fuel prices enforced by Romania’s largest vertically integrated oil company Petrom (SNP.RO) are "defiant," and exceed the fuel prices in the countries with no crude-oil resources, minister of economy and finance Varujan Vosganian said Thursday.