11.16.2011

Romania’s competition authorities have partially completed an antitrust investigation launched in 2005 on the fuel market, regarding the prices applied by oil companies, Competition Council more

11.10.2011

The main criterion used by more than 60% of company managers to decide on a fuel product for their business is quality, but 44% of them are unhappy with the prices, says a survey by consultancy firm more

11.10.2011

Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, through more

10.19.2011

The increase in diesel fuel prices comes from increased demand for this product, as Romania produces less of this fuel than it consumes, Wednesday said Mariana Gheorghe, chief executive officer of oil more

10.19.2011

The price of the oil barrel has fluctuated heavily in 2011; from a peak of $114.53 in April, it plunged to $76.39 at the beginning of October. This trend, however, did not induce any response in the more

09.15.2011

In a highly volatile time, when global markets are moving from growth to decline in minutes, only to have the emotional roller coaster go back again, the consumption of power, fuel or gas remains an more

09.01.2011

The government will take 1.18 million tons of coal and 134,524 tons of fuel oil form the state reserve, to supply 16 thermal power producers during the winter. more

08.11.2011

OMV Petrom (SNP.RO), the largest Romanian company, reported rising financial figures again though the market was characterized by shrinking fuel demand. Price hikes offset the consumption decline, more

08.03.2011

Bucharest’s public transportation corporation (RATB) is trying to secure its necessary fuel volumes for the next four years through a contract worth over EUR100 million, a company announcement more

05.08.2011

Romania will most likely complete its fuel market probe and conclusions in the second half of this year, after talks with the European Commission, people close to the matter told MEDIAFAX. more

05.05.2011

Prices at the almost 50 gas stations owned by market leader Petrom (SNP.RO) in Bucharest vary from one station to the next, with savings that can be made between a fill-up at the most expensive more

05.05.2011

A price freeze on fuels would be detrimental to Romania on the long run, central bank governor Mugur Isarescu said Thursday. more

04.29.2011

Romanian fuel distributor Rompetrol Downstream on Friday increased pump prices for gasoline by 0.07 lei (EUR0.017) per liter, but decreased diesel fuel prices by RON0.03 per liter. more

04.12.2011

The Romanian Competition Council’s investigation of the local fuel market should be complete in the first half of the year, and the results will be sent to the European Commission, the authority's more

04.11.2011

Lukoil Romania on Monday raised its pump prices by 0.03 lei (EUR1=RON4.1084) per liter, after a RON0.06/liter increase on Friday, and matched the price hikes of its main competitors OMV Petrom more

04.08.2011

Oil company Lukoil Romania on Friday raised its pump prices by 0.06 lei (EUR1=RON4.1146) per liter, after competitors OMV Petrom (SNP.RO) and Rompetrol announced price increases by RON0.09 per liter more

04.08.2011

Romanian fuel distributor Rompetrol Downstream on Friday increased pump prices for diesel oil and gasoline by 0.09 lei (EUR1=RON4.1146) per liter, on the same day that OMV Petrom (SNP.RO) upped its more

04.08.2011

Romania’s largest oil company OMV Petrom (SNP.RO) Friday raised its gasoline and diesel oil pump prices by 0.09 lei (EUR1=RON4.2065) per liter, which could trigger similar increases from other local more