Romania considers new measures as diesel prices jump after tax cut expires

Romanian Prime Minister Ilie Bolojan and Finance Minister Alexandru Nazare held discussions with representatives from major fuel distributors on Wednesday regarding the recent surge in diesel prices and its economic impact.

The consultations followed a sharp increase of approximately 40 cents per liter for diesel fuel. This price hike occurred after the expiration of government measures that had reduced excise taxes and capped commercial markups. On Wednesday, standard diesel prices at major chains like Petrom, Lukoil, OMV, Rompetrol, and MOL climbed to between 9.54 and 9.60 lei per liter, up from 9.18 to 9.24 lei the previous day.

The government is now evaluating potential new measures, including legislative action, to address the escalating fuel costs. A statement from the government indicated that the meeting analyzed energy market trends, supply risks, and their effects on pump prices. Officials stressed that dialogue with fuel operators would continue to monitor the market and adapt any necessary protective measures for the public and economy.

Previously, a temporary excise tax reduction was implemented in April to mitigate the impact of international oil market volatility. This measure lowered the excise tax on standard diesel from 2,804.29 lei to 2,504.29 lei per 1,000 liters. The government is currently considering whether to extend this reduction.

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The consultations aim to assess the current market situation, identify potential supply and price risks, and analyze the feasibility of additional measures to protect the population and the economy.