The product’s price is important to 57.1% of managers, the survey found. Most respondents who are in contract with fuel distributors (74.5%) are happy with their services. Still, 44.2% of managers are unhappy with the prices charged by the distributors, according to the survey “Fuel consumption in Romanian companies.”
Some 45% of managers expect their company’s spending on fuel to increase moderately toward the end of the year, while only 10.1% believe prices will decrease slightly.
Fuels are used mainly (90.5%) to transport employees and cargo; 71.9% of companies use diesel.
Although 77% of the polled managers said their activity is dependant on the use of fuel, only 31.4% are in contract with distributors. Most companies do business with OMV Petrom, followed by Rompetrol, Lukoil, OMV and MOL.
Over two thirds of Romanian managers estimate the country’s oil reserves are close to depleted and the alternative is solar energy. According to the National Agency for Mineral Resources, Romania’s deposits of natural gas should cover consumption for the next 15 years, while oil deposits will last for another 10 years.
Romania’s gas reserves could grow through the discovery of unconventional gases, especially in the Black Sea. In addition, pitcoal and lignite reserves can cover demand for several centuries.
The survey, carried out by Rentrop & Straton in partnership with the Academy of Economic Studies in Bucharest, polled 556 respondents between September 14 and October 12.