Lukoil: Fuel consumption could go down 10-20% in spring

Lukoil Romania, the local branch of the Russian petroleum group Lukoil has issued one of the most pessimistic forecasts regarding fuel consumption in early 2009: a 10-20% decline in spring, when the effects of the international economic crisis will be felt hardest. “The effects of the crisis on fuel consumption are not noticeable now, in the winter season, which is characterised by low consumption of petroleum products, compared with other periods of the year. The major impact could be felt in spring of 2009, when consumption could go down by 10-20% as a result of the slowdown in the constructions sector,” says Andrei Chirilescu, deputy general manager with Lukoil Romania.