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June 22, 2021

Fuel prices on continuous rise

Rompetrol hiked the price of gasoline on Friday by RON 0.16 per liter and the price of diesel oil by RON 0.12 per liter, just a day after Petrom, the largest fuel distributor in Romania, hiked its prices, ‘Gandul’ daily informs. Thus, a liter of Efix 95 gasoline now costs RON 5.75, one of Alto gasoline costs RON 6.4, one of Efix Diesel oil costs RON 5.94 and one of Diesel Alto 55 costs RON 6.24.Oil company officials claim that the hikes are mainly caused by the international price of oil, a price that grew because of the problems Iran has with oil deliveries to European states. “The last change applied to average prices within the Rompetrol network took place on January 13. Compared to that date, today’s change (+2.9 per cent in the case of Efix gasoline and +2.1 per cent in the case of Efix diesel oil) comes against the backdrop of changes in the international price of oil and oil products (+13.4 per cent for Euro 5 gasoline, +6.8 per cent for Euro 5 diesel oil and +10.7 per cent for crude oil),” Rompetrol officials pointed out in a press communiqué.Also on Friday, Adrian Vasilescu, the BNR Governor’s adviser, stated on Romania TV that he considers that the recent hikes in the price of fuel and food are generated by “market factors that want to sell at a higher price, but they will be regulated in the following months on the basis of supply and demand.” “At the start of every year the sellers announce price hikes. By the end of the year they are proven wrong,” Vasilescu stated. Likewise, Vasilescu believes that the hike in the price of eggs, a price that has a significant influence in the basket of food products on whose basis the inflation rate is calculated, is “normal,” the price of eggs influencing the inflation rate’s evolution, particularly in Q2.On the other hand, Adrian Vasilescu stated that Romania joined the European Union with low economic and living standards and does not believe that the country has been made poorer by the current economic crisis. “Romania entered this crisis while being on 26th place in the EU. It wasn’t the crisis that brought us here. The crisis did not change our statute,” Adrian Vasilescu said. In his turn, Victor Ponta, co-president of USL, asked Government, in a message posted yesterday on its web site, to reduce the price of fuel, “including as a form of solidarity with the Romanians”.

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