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Bucharest
March 8, 2021
BUSINESS

Petrol price jumps to about 5 RON/liter in just 10 days

Fuel prices went up three time in just 10 days, and more bad news are expected as of January 1st, local media reports. Even the cheapest type of petrol now costs little under 5 RON/liter and, if the trend stays unchanged until the end of the year, it might even get beyond this level. As if this weren’t enough, excise duties for oil products will increase once again early next year, under a draft modification of the Fiscal Code, a move that will generate a new increase of fuel prices. “The USD picked up against the RON, so, even if the price of crude were the same, fuel prices would still go up,” explains X-Trade Brokers analyst Claudiu Cazacu. According to the same source, fuel will get even more expensive on a short term, because this is also the trend of crude oil. The cheapest type of petrol sold by Petrom is Unleaded Premium 95, at 4.82 RON/liter. Rompetrol sells its most affordable petrol, Efix 95, at 4.98 RON/liter, while Lukoil charges 4.91 RON/liter for its Electroluk 95.

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