The price of fuel in Romania, April 24, 2024. Diesel is getting cheaper again, the price of gasoline is stagnant.
The cheapest standard gasoline costs 7.33 lei per liter on Wednesday, the same as it was on Tuesday, and can be found at a Petrom station in Bucharest, str. Dr. Herescu Petre, no. 2A, sector 5.
At the rest of the stations in Bucharest, standard gasoline can be found at prices between 7.35 and 7.49 lei, slightly decreasing.
For premium gasoline, prices vary from 7.84 lei to 8.14 lei, slightly decreasing costs.
The minimum price for standard diesel, in Bucharest, reaches 7.40 lei per liter on Wednesday, compared to 7.42 lei per liter on Tuesday, and can be found at a Socar station on Vasile Lascăr Street no. 141A.
The maximum price reaches 7.53 lei per liter in Bucharest, also decreasing.
The price for premium diesel is between 7.78 lei per liter and 8.04 lei, also down compared to Tuesday.
Last year, the price of a liter of standard gasoline exceeded 8 lei, while standard diesel exceeded 9 lei per liter.
Why do petrol or diesel prices go up or down at the pump?
Fuel prices at filling stations have a similar evolution to Platts international quotations for petrol and diesel, but with a difference of several days, the Competition Council found following a study that re-analyses how changes in quotations that are transmitted in prices at pump.
The Platts quote is an international reference price in the gasoline or diesel market and represents a value reflected by demand, supply and transactions between traders in the wholesale fuel market. Platts quotes are not public data, and in the long term tend to follow the same trend as oil barrel prices.
Therefore, when the Platts international quotations for gasoline and diesel increase, the pump price of fuels in Romania also increases, and when the quotations decrease, their price at gas stations decreases.
Most of the price adjustment at the pump occurs within a week, both on the rise and fall of the international benchmark Platt quote.
