Lukoil Romania, the third largest player on the local fuelmarket, which owns around 300 petrol stations with over one billioneuros in turnover, believes sales of refined products couldcontinue their slide on the overall market in 2010, after last yearsaw a 6% decline in petrol and diesel oil sales on the Romanianmarket.
"If things remain as they are now until the end of the year,fuel sales will fall by around 2% on the market. For the time beingthere are no signs of a rebound as far as fuel demand is concerned,but sales tend to be lower in winter. But now things are moredifficult because the winter has been very harsh and long, whichhas further affected the construction segment," explains TeodorChirilescu, deputy general manager of Lukoil Romania.
The Russians at Lukoil are not the only ones to doubt therebound of fuel consumption this year, with Petrom, the largestplayer on the market, being similarly pessimistic.
According to recent statements from Mariana Gheorghe, CEO ofPetrom, volumes sold are expected to be 5% lower this year, aftermarket terms worsened as early as in the last few months of 2009.
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