GASOLINE PRICES UP BY ANOTHER 1% FOR A TOTAL OF 8.55% INCREASE IN 2019 / ENERGYNOMICS.RO


25.03.2019
After one week of stagnation, the upward trend in gasoline prices continues, with an average price increase of 0.92%, the 9th out of the past 11 weeks, for OMV Petrom’s car fuels. Since January 7, gasoline price has increased by 8.55% on average in the eight stations monitored by energynomics.ro, reaching the highest level of the year in each city. Once again this week, the price increases are homogeneous, with variations of 0.92% or 0.92% for gasolines sold in each city monitored by energynomics.ro. Constanţa continues to have the lowest price for gasoline (5.36 lei/liter) among the eight monitored cities.

The highest prices for gasoline are to be found in Braşov and Craiova (5.5 lei/liter), and in Bucharest (5.49 lei/liter).

For diesel, in 6 of the eight monitored cities, prices fell slightly, by 0.17%; it was the first week of the year when the diesel sold by OMV Petrom fell in Bucharest, Iasi, Cluj-Napoca, Brasov, Craiova and Oradea. On the other hand, the price climbed once again (by 0.35%) in Constanta, which remains, however, the cheapest city among those monitored by energynomics.ro, with 5.67 lei per liter of diesel. On average, diesel prices grew by 8.9% in 2019.

In the past week, the leu strengthened significantly against the dollar (0.92%) and lost ground to the euro (-0.24%). However, since the beginning of the year, the leu lost 2.79% against the dollar, according to the NBR exchange rate (over 11 bani) and 1.9% against the euro (almost 10 bani).

Oil prices continued to rise on international markets in the past week, with a strong advance for WTI – 4.5% (over $59 a barrel today, at 2019’ peaks) and by 1.56% in case of Brent ($ 67.7 per barrel, today, also near the highest levels in 2019). Since the end of last year, WTI crude oil has risen by nearly 31%, while Brent has risen by over 27%.

In 2019, energynomics.ro will monitor the evolution of prices for gasoline and diesel sold at Petrom stations in eight major cities in Romania: Bucharest, Iasi, Timisoara, Cluj-Napoca, Brasov, Oradea, Constanta and Craiova.

The data source is the Petrom website and the stations we monitor are:

§  Bucharest 3A, Tudor Arghezi Str., District 2, 20941

§  Iasi 64-66, Sf. Lazar Str. 700049

§  Timisoara 1, Miresei Str., 300642

§  Cluj-Napoca 257, Cluj-Napoca – Turda Road, 400495

§  Brasov 1, Temeliei Str., 500271

§  Constanţa 315, Tomis Bvd., 900497

§  Craiova 2A, Stefan cel Mare Str., 200130

§  Oradea 4, Mihail Kogalniceanu Str., 410067

25.03.2019 · ROMANIA