0.06 lei added to gasoline prices in a week (over 1%) for an almost 10% total increase in 2019

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The price of gasolines sold by Petrom climbed six bani during the last week in all eight stations monitored by energynomics.ro, reaching in each city the highest level of the year. The upward trend in gasoline prices continues, with an average increase of 1.1%, the tenth in the last 12 weeks. Since January 7, gasoline price increased on average by 9.75%.

This week, the price increases are identical (0.06 lei). Constanţa continues to have the lowest price for gasoline (5.42 lei/liter) among the eight monitored cities. The highest prices for gasoline are to be found in Braşov and Craiova (5.56 lei/liter), and in Bucharest (5.55 lei/liter).

For diesel, there was yet another stable week, the second in the last three weeks, in all the eight monitored cities. On average, diesel prices grew by 8.9% in 2019.

In the past week, the leu lost ground against the dollar (0.28%) and strengthened marginally against the euro (0.03%). However, since the beginning of the year, the leu lost 3.07% against the dollar, according to the NBR exchange rate (over 12 bani) and 1.87% against the euro (almost 10 bani).

Oil prices seem to have stabilized on international markets in the past week, after three weeks in a row of strong advances. For WTI, with a1.5% decline today, compared to the price last week, the quotation returns under $59 a barrel; a 1.85% decline for the Brent, and transactions under the $ 67.7 per barrel, today. Since the end of last year, WTI crude oil has risen by nearly 30%, while Brent has risen by over 24%.

In 2019, energynomics.ro will monitor the evolution of prices for gasoline and diesel sold at Petrom stations in eight major cities in Romania: Bucharest, Iasi, Timisoara, Cluj-Napoca, Brasov, Oradea, Constanta and Craiova.

The data source is the Petrom website and the stations we monitor are:

  • Bucharest 3A, Tudor Arghezi Str., District 2, 20941
  • Iasi 64-66, Sf. Lazar Str. 700049
  • Timisoara 1, Miresei Str., 300642
  • Cluj-Napoca 257, Cluj-Napoca – Turda Road, 400495
  • Brasov 1, Temeliei Str., 500271
  • Constanţa 315, Tomis Bvd., 900497
  • Craiova 2A, Stefan cel Mare Str., 200130
  • Oradea 4, Mihail Kogalniceanu Str., 410067
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