“We’re watching the fuel market closely. It takes about a month to see if we need to intervene or not. We’ve added more check-ups. We’re comparing pump prices before and after the fuel excise hike,” he said.
The government adopted a decree on August 30 raising fuel excise duties by more than 20% in two stages, as of September 15 and as of October 1.
Prime minister Mihai Tudose warned at that time the government would raise royalties if oil companies take advantage of the excise hike to raise pump prices.