The fuel ordinance, negatively approved by CES

The Economic and Social Council (CES) gave an unfavorable opinion on Wednesday regarding the draft emergency ordinance aimed at countering the rise in fuel prices, while it is expected to be adopted on Thursday in a Government meeting.

Out of 37 votes cast, 34 were unfavorable, 2 were favorable with comments, and 1 was favorable.

The CES opinion is mandatory but only has a consultative role.

We remind that the emergency ordinance announced by the Government, which includes measures to limit the commercial markup on diesel and gasoline has been modified to exempt refineries.

Additional revenues obtained as a result of fuel price increases, included in a financing scheme 

Prime Minister Ilie Bolojan emphasized that the package of government measures will be based on the principles of sharing costs between the Government, the private sector, and citizens, and adopting intervention solutions with minimal collateral effects in the market, transparent and easy to apply.

"The Romanian state assumes its share of responsibility: the additional revenues obtained from VAT, as a result of fuel price increases, will not remain in the budget, but will be introduced into a financing scheme to mitigate the impact of rising prices, taking into account Romania's capacity," stated Prime Minister Bolojan in a press release.

At the same time, the Prime Minister said they are working on support measures to ensure "fair behavior in the fuel market, considering developments in international markets." According to the statement, after the Emergency Ordinance that allows intervention in the market to ensure supply security for citizens and the economy, "next week we will come up with a new set of solutions."