Europe

Romania will have the cheapest fuel in the EU after Hungary – Romanian Journal

Get real-time updates directly on your device and subscribe now.

A text of an urgent ordinance on a 50-bani cut in fuel prices has been drafted, and as a result of this cut, Romania will be the lowest price in Europe, following the Hungarian Minister of Energy, Vergil Popesque said Tuesday. Said to. While attending an event in Badu, Constanta County, he began developing natural gas on the Midia project run by Black Sea Oil & Gas.

The Minister of Energy said he was confident that the ordinance would apply, emphasizing that the 25 bani from this reduction would be supported by the state budget and that the 25 bani would be supported by businesses.

“”All ministries have worked together to draft the text of the Emergency Regulations. It’s about 50 buns per liter (…). Following this decline, in effect, Romanian prices will be as low as 1.7 euros for diesel and 1.61 for gasoline, unless I misunderstand. In essence, I think it’s the cheapest price in Europe, after Hungary, which has already reached its maximum price. (…) Twenty-five of these 50 buns will be subsidized from the state budget through the Treasury, and 25 buns will be subsidized by the operator as a deductible expense. And I’m sure you shouldn’t ask me. I am convinced that a large operator, who is also a producer and a large owner of a distribution network, also has a distribution network. Virgil Popesque said.

The minister explained that the commercial reduction of 25 bani is deductible as stipulated in the Fiscal Code.

Romanian Prime Minister Nicolae Ciucę announced last week that pump fuel prices would be offset by 50 vani. “”To help Romanian citizens and businesses reduce fuel payments, we have worked with experts to identify a $ 50 fixed compensation solution that applies directly to pumps. “ Chuka said Thursday. This mechanism applies for 3 months.

UDMR Chairman Hunor Kelemen told Digi24 on Tuesday that several options for lowering fuel prices were discussed by the coalition government, but it was finally decided to compensate with 50 bani. He believes that the “majority of traders” will apply this compensation, given the discussions with the representatives of the big companies OMV and Rompetrol.

Deputy Prime Minister Kelemen Hunor said the Hungarian government’s impact of the legal cap on oil and diesel prices was “cruel” to the market and the state no longer owns a majority of oil companies. As you can no longer control prices.

According to him, budgetary efforts will go from about RON800-900M to up to 1 billion lei in three months.

UDMR lders said the “old mistakes” of the Romanian state “have a long shadow that will last until 2022.”

“Everyone says how the Hungarians did it, others how it did. We did a lot of stupid things many years ago, and we Must say that. The Romanian state no longer controls almost anything that the oil industry means. Refineries are not state-owned. In Hungary, MOL is about 80, 80, and Owns all a few percent. This means that the oil industry and the state are the majority shareholders of MOL. And they lowered their profit margins. From there they capped for a while. I don’t know how long I was able to do it. Unfortunately, this is not possible. Now the old mistakes have proven to have a long shadow. This is until 2022. Continued. At that time, I came up with the idea that you had to go private. How private OMV is is another debate, so it didn’t contribute much to the private sector. The Romanian state has lost all control over this sector, etc. In the energy sector, this period goes beyond regulators, with some possibilities, but with very limited control levers. That proves good. At this point, we don’t own a majority of these companies, so we can’t increase our profit margins. “Said Kelemen.

Guarantee of gas next winter

Romania is in talks to import gas from Azerbaijan, Egypt and the United Arab Emirates, and there is no risk of gas shortages or rationalizing population consumption in the winter, Transgaz general manager Aeon Sterian said. Attended. Same event at Vadu.

“From the Ana and Doina fields, 3 million cubic meters of gas per day enter the national system. This is the amount predicted a few years ago. The gas is of very good quality and has a methane content of 90. Beyond%. Helps reduce reliance on imported gas. ” Sterian said.

He added that the project is proceeding as planned. “”Everything is working. If it’s not working, I’m not here today. “

https://www.romaniajournal.ro/business/minister-of-energy-romania-will-have-the-cheapest-fuels-in-the-eu-after-hungary/ Romania will have the cheapest fuel in the EU after Hungary – Romanian Journal

Back to top button