In a single month, the price of gasoline and diesel oil jumped by over 7% in Romania, according with data collected by ZF from the website of Petrom, Romania’s biggest oil company, as local companies rushed to recoup losses generated by plunging oil prices.
According with European statistical data, a fill-up in Romania is now more expensive than one in Germany. The difference is that while the average net salary in Romania stands at EUR390 per month, Germans earn EUR2,000 monthly.
According to data compiled by ZF, the price of one liter of gasoline stood at RON5.41 last week, while one liter of diesel oil could be bought for RON5.57. In mid-January, the price of gasoline stood at RON5.04 per liter, while one liter of diesel oil could be bought for RON5.19. This means fuel got over 7% more expensive in around one month.
Between January 19 and February 16 period, a liter of gasoline had got 7.5% more expensive in Romania, the fourth biggest price increase applied in the EU. When it comes to diesel oil, Romania ranks 10th in the European ranking of price increase during the above-mentioned period, with a 6.7% increase, according with European data.
Now, Romania comes 8th in Europe depending on the price of a liter of diesel oil though local purchasing power is lower.
According to information provided by Petrom, fuel demand in Romania declined by 2.6% on the retail segment, while on the segment of commercial sales it shrank by 3.6%.
(English version by Catalina Apostoiu)