Romanian political leaders are going public with toughstatements on the policy of making fuel prices more expensivepursued by players in the oil sector, but what their statementshave in common is the lack of solutions.
"Unfortunately, the London Stock Exchange and the New York StockExchange do not listen to Boc. The quote of oil products rises, thedollar rises against the RON, the VAT rises, and the excise rises.The real problem is not that fuels become more expensive, but thatthe resulting price is not bearable for consumers. As long as Chinaconsumes, prices will rise and the European Commission will neverraise the issue of the wage in Romania being lower than in Germany,but that the fuel price is almost the same. This is not the problemof oil companies," says Andrei Chirilescu, a specialist in the oilindustry, former deputy general manager of Lukoil.
In the last two years of crisis, the RON-denominated price ofpetrol and of diesel oil rose by 72% and 52% respectively, in aninterval during which Romanians have been affected by redundancies,salary cuts and tax hikes. Moreover, fuel demand has fallen, withoil companies compensating for the volumes lost through priceincreases, always linking them to the international quotations ofoil products.
Premier Emil Boc in turn said early this week he was consideringtaxes for oil companies as a way to "call to account those thatunjustifiably raise prices in a market economy."
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