The price of a litre of petrol surpassed the psychologicalthreshold of 5 RON in most fuelling stations, after the price wasonce again raised by 4-6 bani (1 RON -100 bani) as of January 1st2011 following the hike in excise duties.
So, compared with the first day of last year, the petrol priceat the pump went up by around 24%, and that of diesel oil by 28%,in a year when most Romanians were affected by redundancies, salarycuts and tax hikes.
Moreover, fuel demand went down for the second consecutive year,while the price of oil was relatively stable, ranging between 75and 90 dollars, with the rise occurring in the last part of2009.
"I can't find an explanation for the progression of the fuelprice. The price of oil only started to rise close to the end ofthe year, and the RON remained steady across the whole of 2010,"says economic analyst Aurelian Dochia.
On the other hand, players in the oil sector have saidrepeatedly that their pricing policy takes into accountinternational quotes of oil products, as well as the circumstancesof the Romanian market.
The litre of diesel oil is also close to the 5-RON mark, withreference prices displayed by some players in the oil sector, suchas is the case of Rompetrol, showing that this type of fuel costs5.03 RON per litre as of January 1st.
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