News » January, 2011 » 26 January 2011
Elimination of 'cent per litre' brings this year's first fuel price cut
26.01.2011, 00:02 | Energy | 772 views
The biggest players on the Romanian oil market, Petrom and Rompetrol, announced the first price cuts this year, of around 4 bani (1 RON - 100 bani) per litre. The move did not come amid protests in filling stations or as a result of politicians' tough statements, but as a result of the elimination of a tax, namely the 'cent per litre'. "Owing to the reduction of the tax component by 0.01 dollars, after the collection of the tax representing the Special Fund for Oil Products (FSPP) was suspended, fuel prices in OMV and Petrom filling stations will fall by 4 bani per litre starting 25 January 2011," say the representatives of Petrom, Romania's biggest company. Read more on ZF.ro
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