As fuel prices in Romania continue to escalate, the government is moving towards declaring a crisis situation in the oil and petroleum products sector. This decision is driven by increasing pressures from global geopolitical tensions that are affecting domestic fuel costs. In response, authorities are preparing a series of short-term interventions designed to mitigate these impacts on consumers.
A key component of the proposed measures includes an emergency ordinance aimed at capping commercial margins on gasoline, diesel, and related inputs throughout the supply chain. Furthermore, companies may be mandated to seek prior approval from relevant ministries prior to exporting or transferring fuel within the European Union, which is intended to protect domestic supply.
The planned interventions are set to remain in effect for a period of six months, with the possibility of extension should market instability continue. Additionally, authorities are contemplating a temporary reduction in biofuel blending requirements for gasoline as a further means to alleviate price pressures faced by consumers.
In tandem with these immediate measures, officials are also focusing on long-term strategies to strengthen supply security. This includes efforts to diversify import routes for both crude and refined products, as well as plans to restart operations at the Petrotel refinery. Importantly, there are currently no plans to restrict fuel consumption, indicating a focus on maintaining availability while managing costs.
The current landscape shows that fuel prices remain elevated, with petrol averaging approximately €1.61 per liter and diesel nearing €1.69 per liter. To further support those affected by rising costs, the government has expanded its financial support schemes, directing additional resources towards transport operators and farmers grappling with increased diesel expenses.
