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Car fuels prices rise by 2% in a week, in Petrom stations

4 February 2019

The price of gasolines sold by Petrom climbed 1.92% as against January 28, in the third week of rising prices in the last four. In the last month, gasoline price raised by about 3%. In case of diesel, there are four consecutive weeks of increase, with a total advance of 4.68% compared to January 7. In the past week, gasoline prices grew in all eight stations monitored by, with an average advance of 1.75%.

Constanta had the most significant price advance in the last week – 2.02% for gasoline and 2.07% for diesel (5.42 lei/liter). With 5.22 lei/liter, gasoline sold in Craiova and Brasov is the most expensive, while for diesel, Bucharest and Brasov are the most expensive options: 5.66 lei/liter.

The lowest prices are in Iasi and Timisoara, for gasoline (5,16 lei/liter, and 5,15 lei/liter), and in Constanta, for diesel (5,42 lei/liter).

Since January 1, the prices for car fuels have increased following the entry into force of two normative acts: indexation of excises with the inflation rate, respectively the increase of the mandatory content of biofuels in gasoline and diesel. Another important factor is the decline suffered by the Romanian currency; since the beginning of the year the leu lost 1.88% compared to the euro, and 1.71% compared to the dollar, according to the NBR exchange rate.

Over the last week, crude oil prices in international markets have increased by more than 6% in case of WTI (55.2 dollars per barrel, today), and by almost 5% in case of Brent (62.78 dollars per barrel, today). Since the end of 2018, the WTI crude oil price has risen by 21.77% and the Brent benchmark has risen by almost 18%.

In 2019, 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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