Romania to Continue Fuel Support Scheme for 3 Extra Months

The scheme that was launched in July to reduce the price of gasoline and diesel and was set to end in September will be extended for another three months, the coalition government has decided.

At the start of July, the government and the oil companies initiated a measure to reduce the price of fuels by 0.5 lei (€0.1) per litre.

The measure is supported in equal terms by the state budget and oil companies.

Before the decision to prolong the measure was taken, discussions within the government coalition focused on only maintaining the measure for diesel prices.

However, the decision was to continue applying the measure to both fuel types.

Retail prices are now considerably lower than when the support scheme was first introduced.

Compared to the start of the year, fuel prices were more than 20% higher in August, according to the statistics institute INS.

(euractiv.com, September 21, 2022)

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