Szabolcs Ferencz, country retail manager with MOL Romania, the fourth largest player on the domestic oil market, says the existence of some domestic hydrocarbon reserves cannot influence pump prices and the states that keep the prices per petrol litre under control are making a major mistake.
Ferencz's statements come at a time when fuel prices have reached a record high after five hikes since the start of this year, although oil prices have not hit the 147- dollar threshold of the 2008 summer.
Moreover, the price increases came as Romania holds oil reserves, having to import just around half of its consumption necessary.
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