06.19.2014

KMG International NV, a unit of Kazakhstan’s state-run KazMunayGas, is asking for upfront payment for fuel deliveries to Ukraine, amid growing economic instability in the country following tensions more

05.13.2014

KazMunayGas International (the former Rompetrol), Romania's second largest oil group, says the fuel price hike has had a relatively low impact on its sales, with demand in its filling stations sliding more

04.30.2014

Domestic transporters that operate international shipments to Western Europe decided to exclusively fill up outside Romania after the Romanian government introduced the new fuel excise duty of 7 more

04.24.2014

Romanian Finance Ministry took into account a decrease in fuel consumption following the fuel excise duty hike but considers that the transfer of revenue from the private sector to the state budget more

04.02.2014

Romania entered the ranking of Europe’s 10 countries with the highest diesel oil prices per liter, ahead of countries such as Germany or Belgium, following the increase of the excise tax on April 1, more

04.02.2014

Romania’s largest oil company OMV Petrom (SNP.RO) has completed an investment of around EUR18 million in upgrading its fuel terminal in the northeastern city of Bacau, the company said Wednesday. more

04.01.2014

Romania’s planned exemption on its recently introduced excise tax on fuels must be compensated by “strong measures” that will offset the resulting fiscal gap, an official with the International more

03.17.2014

The Romanian industry will get a double blow on April 1 with the introduction of the additional EUR0.07 excise duty per liter of fuel devised by Ponta Government to boost budget revenue and the rise more

02.25.2014

MOL Romania, part of Hungarian group MOL, sold 503,000 tons of fuel, lubricants and liquified petroleum gas in Romania in 2013, 7% more than in 2012. more

02.17.2014

State-owned oil companies of Kazakhstan, Azerbaijan and Russia came to control half of network-affiliated gas stations on the Romanian market. more

02.06.2014

The increase of fuel excise duty by 0.07 euros per liter will trigger a RON0.4 hike in the gasoline and diesel fuel price, while consumption might drop by 1-2% in the first three months, according to more

01.29.2014

Romania's government is considering postponing the introduction of a higher excise tax on diesel fuel by another three months if the option is proven economically viable, Prime Minister Victor Ponta more

12.09.2013

Romanian Prime Minister Victor Ponta Monday said the Government plans to raise fuel excises by EUR0.07/liter only on gasoline, starting January 1, 2014. more

12.02.2013

Kinga Daradics is 32 and at the age of 30 she took over as head of MOL Romania, a business with a turnover of EUR930.5 million, 141 filling stations and a net profit of EUR17 million on a market where more

11.15.2013

MOL Romania, the local subsidiary of Hungarian oil group MOL, Friday said its fuel sales rose 7% on the year to 373,000 tons in the first nine months of 2013. more

11.14.2013

The prices of gasoline and diesel oil in Romania will increase by 0.3 lei (EUR0.06) to RON0.4 per liter in 2014, following an increase in fuel excises, Finance Minister Daniel Chitoiu said Thursday. more

11.06.2013

Analysts say the new taxes to be levied as of 2014 will indirectly also affect the population, leaving less money in Romanians’ pockets for consumption. more

10.25.2013

The liquefied petroleum gas (LPG) market has held out better in crisis than gasoline and diesel oil– last year LPG sales totaled around EUR500 million, show ZF calculations based on data from market more

10.24.2013

Romanian state-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) wants to borrow 200 million lei (EUR45 million) from banks to buy fuel for energy production between October more

10.23.2013

Independent gas stations hold 10% of Romania’s gasoline and diesel oil market, estimated by ZF at $5.5 billion (EUR4.5 billion) last year. more

10.03.2013

Romania has lost about 10% of its fuel demand in five years of crisis (2008-2012), one of the most serious declines in Europe out of nine members countries analyzed by ZF based on Euromonitor, CBRE more

10.01.2013

German auto group Continental Tuesday inaugurated a fuel pump plant in industrial park Ghimbav-Brasov, central Romania, following a EUR40 million investment. more

09.20.2013

Rompetrol wants to enter the Turkish fuel market, which is growing at a rate of 4% a year, using the surplus fuel refined by Petromidia, Romania’s largest refinery whose capacity it increased to 5 more

06.26.2013

Fuel demand is showing signs of a rebound after all companies in this business had been expecting the market to be flat at best at the beginning of the year after the 2% decline in 2012. more

06.12.2013

Romanian Bio Fuel Energy, which produces bioethanol, livestock feed and vegetable oil, expects a 10% rise in sales this year from 290 million lei (EUR64 million) in 2012 to RON320 million, due to more