The price for a liter of diesel exceeds 27 lei. The National Agency for Energy Regulation announced for Friday a price increase of almost 0.4 leu.

On Friday, a liter of diesel will cost a maximum of 27.14 lei. A liter of 95 gasoline will be sold at the pump for no more than 25.81 lei, the increase being 0.03 leu.

In this context, the national energy regulator ANRE says that, in the last two weeks, there has been a slow increase in the Platts quotations for fuels, this being more pronounced for diesel.

“According to the data displayed by Trading Economics, there are credible reasons that impact the prices of petroleum products, especially diesel. Among the underlying causes is the considerable reduction in diesel stocks in Europe. At the same time, stocks in other regions are severely depleted, including in the key hubs of the U.S. and Singapore, as global diesel levels are well below recent averages. Platts Analytics warned that stocks are not building fast enough before the harvest and heating season”, says ANRE.

The regulator also says that the increasing demand for diesel is also conditioned by the uncertainty about Russian supplies to Europe, as EU sanctions against imports of Russian products will come into force in February 2023.

According to Trading Economics data, Brent crude oil prices exceeded $102 per barrel on August 25, rising to the highest level for the past three weeks. At the same time, Platts quotations, which represent for the oil industry the reference values on the basis of which prices are formed, have increased for diesel by $152/ton in the last 14 days, or by 14.87%.

At the same time, there is also a depreciation of the national currency against the US dollar by 0.06%, a fact that also influences the increase in retail fuel prices.

As for international gasoline prices, they have been affected to a smaller extent, with prices at the pump being slightly influenced only by the evolution of the exchange rate.