Fuel prices go down

Filling stations posted lower fuel prices in the morning of February 7. Gasoline is by 0.30 lei on average cheaper, while diesel fuel and liquefied petroleum gas by 0.30-0.40 lei, IPN reports.

The price of a liter of gasoline of 95 type is 18.42-18.55 lei, as against almost 18.80 lei a day ago. Diesel fuel costs 16.22 lei to 16.40 lei a liter, as opposed to 16.70 lei, while liquefied petroleum gas is sold for 10.45 to 10.55 a liter, in contrast to 10.87 lei.

Almost one week ago, the fuel prices were decreased by 0.20-0.25 lei/liter.

Two weeks ago, the prices of gasoline and diesel fuel were increased by 0.7 lei/liter on average, whereas the price of liquefied petroleum gas by 1 leu. After the announced rises, a number of MPs said the rise in fuel prices is an abuse and an anti-competition cartel agreement of oil companies as oil prices decline at the global level. The subject was also discussed at the upper level. Several days ago, Prime Minister Ion Chicu said the fuel prices will be again capped by the National Agency for Energy Regulation.

Since 2016, the NAER had set the ceiling prices of gasoline and diesel fuel once in two weeks. In March 2019, the Agency approved a new fuel pricing methodology. According to this, fuel sellers set the retail prices of the main fuels and liquefied petroleum gas by themselves, within an annual markup of 10%.  

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