“The auction is organized to cover the consumption of our entire vehicle fleet. We have a fleet of 1,337 units,” stated Constantin Tobescu, RATB spokesman.

The contract should come into effect this October, with bids expected until late August. The contract will be awarded to the lowest bidder.

Overall, RATB plans to buy between 92.3 and 102.6 million liters of gasoline and diesel, with the total value of the contract, VAT not included, revolving around 423 million lei (some EUR100 million).

Starting from this price and taking into account the minimum and maximum quantities the company plans to buy, RATB is willing to pay between RON4.1 and 4.5 on average, VAT not included, per each liter of fuel. A Petrom filling station on Basarabia Boulevard in Bucharest, for instance, was selling one liter of gas for RON5.580 (EUR1.32) and one liter of diesel oil for RON5.5 (EUR1.30) on Tuesday.

“The last fuel purchase contract we had was sealed with Rompetrol over a one-year period. We are now organizing a multiannual auction,” stated Radu Jianu, the RATB representative handling the auction, adding the public corporation had also worked with other domestic oil companies.

(EUR1=RON4.2246)

(English version by Catalina Apostoiu, Editing by Loredana Fratila-Cristescu)