​Bad news for drivers: the price of fuel at gas stations in Romania crossed the 8 lei per liter mark on Wednesday, and the rise in prices will not stop here as the price of oil continues to rise around the world. In this context, the authorities are considering whether to re-introduce compensation in the amount of 50 money.

For example, at the OMV gas station in Cornu, on DN1, premium diesel costs 8.15 lei per liter, and at the OMV gas station in Bucharest, on Bulevardul Coposu, the price is 8.14 lei per liter.

At the MOL station in Bushten, a liter of premium diesel costs 8.12 lei, and at Lukoil Azuga – 7.87 lei, according to Price Monitor data analyzed by Hotnews.

The price of premium gasoline is 8.01 lei per liter at OMV Coposu and 8 lei at OMV Predeal, 7.95 lei at MOL Busteni and 7.91 lei at Rompetrol Ploiești.

As for standard fuel, its price exceeded 7.6 lei per liter.

Standard diesel fuel costs 7.64 lei at OMV Cornu and 7.6 lei at Rompetrol Comarnic and MOL Bușteni. At the same stations, standard gasoline costs 7.34 lei at OMV and 7.3 lei at Rompetrol and MOL.

Prices vary from one gas station to another, depending on the demand in the respective area, the services offered, as well as the cost of each gas station.

The price at gas stations follows oil quotes with a lag of one month

Unfortunately, the bad news does not end there. On the international market, the price of oil is increasing and is approaching the maximum for the last 10 months (over $92 per barrel of Brent, a benchmark on the European market).

As a rule, the price of fuel at gas stations follows the trends of oil quotations with a delay of 30-45 days, which is the length of the processing cycle.

That is why we should expect gas station prices to rise in at least a month.

Excise duty and VAT, half the price at the gas station

Excise duties and value added tax, which go to the state budget, make up about half of the final price of a gas pump.

Another 30 percent or so is the price of crude oil, and the rest is refining and processing, transportation and distribution costs, as well as company profit margins.

Last year, in the summer, the Government decided to introduce a compensatory measure in the amount of 5 monies per liter of gas station prices, half of which is covered by the state budget, and the other half is covered by oil companies.

This measure was valid until January 1, 2023.

Two days ago, Prime Minister Marcel Cholaku said that the authorities are analyzing whether it is necessary to re-introduce this compensation.

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