Romania to withdraw fuel subsidy as of January 1
Romania #Romania
The Romanian government confirmed Wednesday that on January 1 it will stop subsidizing part of the price of fuel, a measure adopted at the end of June to cope with the increase in fuel prices due to the war in Ukraine.
“At first the measure did not seem to produce effects, but at the end of the year we can see that it was a good measure,” acknowledged Romanian Prime Minister Nicolae Ciuca, who confirmed the end of the subsidy as of next year.
In recent months, the government had subsidized 50 banis – about ten cents – for each liter of fuel. Now, Ciuca has acknowledged that the end of the measure is due to the drop in fuel prices, reports local newspaper ‘Libertatea’.
In summer, when Bucharest implemented the measure, gasoline reached an average price of 8.65 lei – 1.75 euros – per liter, while diesel was around 9.22 lei – 1.87 euros – per liter. Today these prices have dropped to 6.02 lei (1.22 euros) and 7.17 lei (1.45 euros) per liter, respectively.
Source: (EUROPA PRESS)