Romania’s Petrom Cuts Pump Prices By RON0.05/Liter

Romania’s largest oil company Petrom (SNP.RO) cut Friday its gasoline and diesel oil pump prices by 0.05 lei (EUR1=RON4.2347) per liter, following the decrease of international quotations for crude oil products.

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Thus as of Friday, one liter of unleaded Premium gasoline costs RON3.66, while one liter of unleaded Top Premium 99+ can be bought with RON4.03 per liter.

One liter of OMV Carrera 95 and of OMV Carrera 100 now costs RON3.80 and RON4.43, respectively.

The Top Euro Diesel 5/Top Nordic Diesel can be bought with RON3.63 per liter, while one liter of OMV Sprint Diesel costs RON3.68 per liter as of Friday.

Moreover, the price of Euro Diesel 5 and OMV Alpin Diesel dropped Friday to RON3.47/liter and RON3.96/liter, respectively.

Petrom is the largest corporation in Romania and the largest gas and oil producer in Southeastern Europe. In December 2004, Petrom was privatized and became a part of OMV AG (OMV.VI), which is the majority shareholder.

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