War of useless statements leaves issue of expensive petrol unresolved - financiare.ro
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News » January, 2011 » 12 January 2011

War of useless statements leaves issue of expensive petrol unresolved
12.01.2011, 00:11 | Energy | 712 views

Romanian political leaders are going public with tough statements on the policy of making fuel prices more expensive pursued by players in the oil sector, but what their statements have in common is the lack of solutions.

"Unfortunately, the London Stock Exchange and the New York Stock Exchange do not listen to Boc. The quote of oil products rises, the dollar rises against the RON, the VAT rises, and the excise rises. The real problem is not that fuels become more expensive, but that the resulting price is not bearable for consumers," says Andrei Chirilescu, a specialist in the oil industry, former deputy general manager of Lukoil.

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