Scenarios for reducing fuel costs
Bucharest authorities are looking for options to lower fuel prices
Leyla Cheamil, 10.03.2026, 13:50
The conflict in the Middle East has triggered a series of negative shifts in the fuel market, driving up the price of North Sea Brent crude. On Monday, it surged to $119 per barrel, its highest level since July 2022, before dropping to $93 on Tuesday. This spike was fueled by fears that a prolonged war in the East could severely disrupt energy markets and stifle global economic growth.
In Romania, the price of diesel has risen by an average of 10 bani per liter compared to last week. In some filling stations, standard diesel has surpassed 8.70 lei, while premium variants have reached nearly 9.40 lei. Gasoline saw a more modest increase of 5 bani. Several stations are selling standard gasoline at 8.37 lei per liter and premium at 9.10 lei.
In light of these developments, authorities in Bucharest are closely monitoring the rise in fuel costs. Recently, Energy Minister Bogdan Ivan said that the state is considering several scenarios to prevent further price hikes at the pump. These proposals have been presented to the Finance Minister and Prime Minister Ilie Bolojan.
One potential scenario involves a temporary reduction in fuel excise duties and taxes. However, President Nicușor Dan believes that an intervention regarding the tax and excise component is not currently on the table, noting that the situation is being monitored by the Competition Council.
Minister Ivan further pointed out that one of the options focuses on haulers and farmers, the categories most affected by rising fuel costs, especially as intensive agricultural activity ramps up this spring. Indeed, the Confederation of Authorized Operators and Haulers in Romania is urging the government to cut excise duties, warning of potential chain reactions and bottlenecks in the goods supply chain.
Consumers worldwide are feeling the impact of rising fuel prices. According to experts, the increase in international oil prices will fuel inflation in Romania in the coming months and put pressure on household budgets, given the high dependence on fossil fuels and insufficient investment in energy alternatives.
Economics professor Cristian Păun told Agerpres that, if the situation in the Middle East is resolved quickly, it is highly likely things will return to normal. If it persists, however, prices will likely stabilize around today’s values for a considerable period of time, forcing everyone to find their own solutions. (VP)
