Romania’s OMV Petrom Hikes Pump Prices By RON0.09/Liter

Romania’s largest oil company OMV Petrom (SNP.RO) Tuesday raised its gasoline and diesel oil pump prices by 0.09 lei (EUR1=RON4.2065) per liter, the company said in a statement.

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Thus, the price of gasoline sold at OMV Petrom's filling stations ranges between RON5.16 per liter and RON5.96 per liter.

As of Tuesday, Petrom sells its diesel oil with prices varying between RON5.15/liter and RON5.63/liter.

In 2010, Petrom rose their gasoline pump prices by 20% and the diesel oil prices by 24% in average.

According to the country's statistics institute, fuel prices rose by more than 15% last year, after a 13% increase in 2009.

Since the beginning of 2011, oil companies in Romania raised their prices by an average 3.5%.

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