The price of fuel in Romania, May 8, 2024. Gasoline remained more expensive than diesel, although both fuels became slightly cheaper.
The cheapest standard gasoline costs 7.28 lei per liter on Wednesday, compared to 7.32 lei per liter the previous day, 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 7.30 and 7.50 lei, slightly decreasing.
For premium gasoline, prices vary from 7.79 lei to 8.14 lei, down from the previous day.
The minimum price for standard diesel, in Bucharest, is still lower than that for gasoline, and has reached 7.27 lei per liter, compared to 7.29 lei last Wednesday, and can be found at a Socar station in Vasile str. Lascar no. 141A.
The maximum price reaches 7.42 lei per liter in Bucharest, decreasing.
The price for premium diesel is between 7.65 and 7.92 lei per liter, also decreasing.
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 that of 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.
Tags: Gasoline remained expensive diesel fuels cheaper price fuel Romania
