Hungarian petroleum company MOL wants to become one of the top players on the Romanian car fuel market by attaining an 8-10% market share.
MOL last year built three gas stations from the ground in Romania and took over another two, so that it now has a 36 gas-station network. MOL regards Romania as the country where it had the fastest expansion in terms of sales and plans to keep expanding its network here.
"We want to create a world class network in Romania because this market is very important to us, as it has a lot of growth potential. Our Romanian division selling fuels has yet to become profitable, indeed, which is a difficult thing to do, considering that Petrom sells gas 20% cheaper than we do," Zoltan Aldott, MOL strategy manager, told a news conference in Budapest.
The MOL manager says the Romanian division's financial situation improved considerably over the past year and were it not for "Petrom's price policy" and for the decrease in the national fuel demand, it would have been even better.
"It's an extraordinary thing we did grow in Romania on a market ruled by Petrom in terms of quantity and prices, though. I think Romanians have started paying attention to quality, as well," Zoltan Aldott added.
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