The increase of fuel excise duty by 0.07 euros per liter will trigger a RON0.4 hike in the gasoline and diesel fuel price, while consumption might drop by 1-2% in the first three months, according to Catalin Dumitru, vice-president of Romania’s second largest oil group Rompetrol.
Government had initially planned to increase the fuel excise duty at the beginning of the year, but Prime Minister Victor Ponta agreed to put off the tax increase for three months, by April 1.
Rompetrol is fully owned by Kazakh state-run oil and gas company KazMunayGas.
