A justified increase? Yes, given the latest developments on the oil market, where the black gold has been maintaining an upward trend for several days, which was accentuated against the background of the attacks launched by the Ukrainians on some refineries in Russia, but also the encouraging data on the production in China.
Under these conditions, Brent crude oil, extracted from the North Sea, rose to $87.29/barrel, after rising by 2.4 percent last week. U.S. West Texas Intermediate crude traded at $83.48/bar after a 3.2% gain last week.
Drone strikes in Ukraine have knocked several Russian refineries out of service, which will likely lead to a reduction in Russian fuel exports. “Geopolitical risks to crude and heavy commodity supplies add to strong demand fundamentals in the second quarter,” Energy Aspects analysts said in a note.
As a result of the attacks, nearly 1 million barrels per day of Russian crude processing capacity remained idle with a major impact on exports of high-sulfur fuel oil, which is processed at refineries in China and India.
Against this background, here are the prices offered by gas stations in Bucharest for petrol and diesel, according to peco-online.ro:
STANDARD PETROL
The lowest price: 7.12 lei/liter, compared to 7.08 lei, the value of Friday (Petrom, str. Dr. Herescu Petre, no. 2A)
The highest price: 7.28 lei/liter (several MOL gas stations, including those on Calea Giulești no. 39, the one on db. Corneliu Coposu no. 14 or on Nicolae Caramfil str. no. 76-80) .
SUPERIOR PETROL
The lowest price: 7.63 lei/liter (Petrom, str. Dr. Herescu Petre, no. 2A)
The highest price: 7.93 lei/liter (the OMV station on Colentina road 446 and three MOL gas stations, two also in Colentina and one on Chișcani street no. 1)
STANDARD DIESEL
The lowest price: 7.35 lei/liter (Socar, str. Vasile Lascăr, no. 141A)
The highest price: 7.48 lei/liter (MOL, str. Chișcani no. 1)
SUPERIOR ENGINE
The lowest price: 7.73 lei/liter (Petorm, str. Dr Herescu Petre, no. 2A)
The highest price: 7.99 lei/liter (MOL, Sos. Colentina no. 374E)
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