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September 17, 2021

MOL fuel sales in Romania down 4.5pc in volume in Q1

MOL Romania’s fuel sales fell by 4.5 per cent in quantitative terms in the first quarter compared to the same period last year, mainly because of the decreasing number of filling stations owned and of declining demand, Mediafax reports.

The group’s market share in Romania in the analysed period was up at little over 11 per cent. At the end of March, MOL Romania was operating a chain comprising 126 petrol stations – the same as it had at the end of 2009 – but smaller by six units compared to March 2009. At a group level, in Q1 MOL posted net profit of HUF 19 bln (EUR 67.7 M), as compared to HUF 114.8 bln (EUR 409.5 M) in the same period last year. The company’s net income from sales, from continuing operations, was up by 37 per cent at HUF 866.2 bln (EUR 3 bln). The report notes that the demand for motor fuels in Central and Eastern Europe has decreased at about 6 per cent because of adverse economic conditions and record price hikes coming from growing petrol and diesel quotations, as well as tax rises in Romania, Hungary and the Czech Republic.

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