The Romanian government intends to declare a state of crisis in the fuel market for a period of six months, with the possibility of extension, in order to stabilize prices.
The measures in the draft emergency ordinance that is set to be adopted on Tuesday by the Government aim to limit the commercial markup applied by companies for gasoline, diesel, and raw materials, across the entire economic activity chain, to a maximum of 50% of the average commercial markup recorded in the last 12 calendar months.
Export will require approval from the Ministry of Economy and the Ministry of Energy and will allow for a reduction in the biofuel content in gasoline, from 8% to 2%, to cope with the crisis, according to the draft emergency ordinance.
The Government emphasizes that these measures are essential to prevent negative impacts on the economy and to protect consumers, while also ensuring a transition to a liberalized natural gas market.
Although the measures will not fully compensate for the effects of these disruptions, they will have a significant impact on prices, according to the Minister of Energy, Bogdan Ivan.
An extraordinary meeting of the Executive is scheduled for Tuesday at 5:00 PM.
Sources
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