The price of gasoline “95” on June 3 will cost 31.93 lei per liter, up 0.30 lei on today. The price of diesel fuel will be by 0.40 lei higher and will be 28.30 lei liter. The National Agency for Energy Regulation, which sets the price ceilings, said the rises are due to the developments on the international markets, IPN reports.

According to the Agency, the Platts quotations of oil products increased as a result of the EU’s decision to stop importing Russian oil. On June 2, they rose to a record high even if the Brent crude oil declined slightly.

On Wednesday, the gasoline Platts quotations were at 1,396 $/tonne, while the diesel fuel quotations were at 1,269 $/tonne. These are the highest levels the past ten years. During the period of the last 14 days, which is used by the Agency to calculate the price ceilings, the quotations rose by 195 $/tonne (16%) for gasoline and by 218 $/tonne (21%) for diesel fuel.