Romania's Rompetrol Cut Diesel Oil Pump Prices By RON0.04/Liter

Romania's second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, cut Tuesday its diesel oil pump prices by 0.04 lei (EUR1=RON3.5302) per liter, and kept gasoline prices unchanged, the company said in a statement.

Rompetrol cut Tuesday its Efix Euro 4 diesel price to RON4.3 per liter, and the Super Euro 5 price to RON4.59 per liter.

The country's largest vertically integrated oil company Petrom (SNP.RO), owned by Austria's OMV (OMV.VI), cut Monday its diesel oil pump prices by RON0.04 per liter, keeping the same tariffs for the gasoline.

Early-2008, diesel oil pump prices were higher than gasoline prices, mainly due to the higher excise on this type of fuel and the record high prices for crude oil on international markets.

International oil prices, which affect the fuel price, rose by 50% since the beginning of the year, and doubled compared with the corresponding period a year earlier, hitting a historic record of over $147 per barrel on July 11. On Tuesday, the price of the oil barrel did not exceed $112, reaching the lowest level of the last four months.

Mediafax