Romania to declare emergency on fuel market

Business Forum
Romania will declare an emergency situation on the fuel market following a working group meeting convened by PM Ilie Bolojan to address surging costs.

According to a press release from the Romanian Government, an emergency ordinance will be adopted tomorrow to establish a formal crisis state for crude oil and petroleum products.

These protective measures will remain in effect for six months, with potential three-month extensions if volatile conditions persist. Under the new regulations, commercial markups for petrol, diesel, and raw materials will be capped across the entire economic chain.

Furthermore, the export or intra-community delivery of fuels will now require prior written approval from the Ministry of Economy, Digitalisation, Entrepreneurship, and Tourism, alongside the Ministry of Energy.

To further reduce final prices at the pump, the government will also decrease the mandatory biofuel content in petrol during this crisis period.

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