Fuel price. On Friday, March 29, 2024, in Romania, we can see a drop in the price of diesel before the weekend, while the price of gasoline remains at the same level.
Fuel price. Cheaper diesel before the weekend
Fuel price. On Friday, the most advantageous price for standard gasoline is 7.08 lei per liter, similar to the one recorded on Thursday. This price applies to a Petrom station located in Bucharest, on Dr. Herescu Petre street no. 2A, in sector 5.
In the other stations in Bucharest, prices for standard gasoline vary between 7.09 and 7.24 lei per liter.
Prices for premium gasoline are between 7.59 and 7.89 lei per liter, remaining at the same level as in previous days.
On Friday, the lowest price for standard diesel in Bucharest is 7.35 lei per liter, compared to 7.38 lei per liter, Thursday’s price. This offer is available at a Socar station located on Strada Vasile Lascăr, number 141A.
The maximum price for standard diesel in Bucharest reaches 7.51 lei per liter, remaining constant compared to the previous days.
Premium diesel is sold at prices between 7.73 and 8.01 lei per liter in Bucharest, showing a small decrease compared to the prices of the previous days.
During the previous year, the price for a liter of standard gasoline exceeded 8 lei, while standard diesel was over 9 lei/liter.
Why the price of petrol and diesel at the pump fluctuates
Petrol and diesel prices at the pump fluctuate due to a number of factors, including:
1. The cost of oil. The price of crude oil in international markets has a significant impact on prices at the pump. Variations in oil prices can be driven by geopolitical factors, such as regional tensions, international conflicts or decisions by organizations such as OPEC.
2. Demand and supply. Fluctuations in the demand and supply of petroleum products can influence prices at the pump. An increase in demand or a decrease in supply can cause prices to rise, while a decrease in demand or an increase in supply can cause prices to fall.
3. Changes in refining and distribution costs. The costs of refining and distributing petroleum products can vary depending on factors such as the technology used, government taxes and regulations, and labor costs.
4. Duties and Taxes. Duties and taxes imposed on petroleum products by the government can influence prices at the pump. An increase in taxes or duties may cause an increase in prices for end consumers.
5. Exchange rate fluctuations. Gasoline and diesel prices can also be affected by changes in currency exchange rates. For example, a depreciation of the local currency against the US dollar can lead to an increase in pump prices for imported petroleum products.
