Rompetrol raises prices

Rompetrol Rafinare increased its ex-works unleaded petrol and Euro 3 diesel prices by $15/tonne this Monday, as a consequence of increased prices internationally. “The increase in the ex-works price does not show in the prices at the pumps,” stated Dinu Patriciu, Rompetrol Group chairman. Following the decision, unleaded petrol will cost $459/tonne and Euro 3 diesel $442/tonne. Company officials say Rompetrol will monitor the market and adjust prices according to market conditions, but also in respect of worldwide price changes, since the company imports all the raw material it processes. Economy and Trade Minister Dan Ioan Popescu said on Monday that Petrom’s fuel prices would be increased if the petroleum quote remained high, though the company’s Board has as yet reached no decision on this. ZF