Romania to monitor fuel supplies amid Hormuz tensions
Romania will establish a mechanism for continuous monitoring of fuel supplies in response to the international tensions caused by the closure of the Strait of Hormuz, which transpired following an emergency meeting between Romanian President Nicusor Dan, Prime Minister Ilie Bolojan, Minister of Energy Bogdan Ivan, Minister of Transport and Infrastructure Ciprian-Constantin Serban, as well as representatives of oil companies, the president's administration reported on Monday.
The talks were prompted by the conflict in the Middle East and the deepening fuel crisis.
The mechanism will aim to ensure the stability of the domestic market and the rapid adoption of preventive decisions, if such decisions become necessary, CE Report quotes BTA.
It was noted at the meeting that Romania is not currently facing supply difficulties, and fuel purchases are being made at prices in line with the international market. However, given the unpredictable nature of the global context, a mechanism for continuous communication between authorities and companies in the sector was agreed upon. This will allow for close monitoring of developments and the rapid adoption of necessary measures, in a coordinated manner and with an emphasis on stability and prudence, according to the information released following the meeting.
Citing the example of Slovenia, which began to restrict fuel consumption, Ivan reported that Romania's strategy is based on increasing domestic production capacity rather than restricting consumption.
On April 3, the Romanian government adopted an emergency ordinance reducing the excise tax on diesel by RON 0.30 or by EUR 0.059 per litre, a reduction of nearly 11%, due to the conflict in the Middle East. The ordinance will enter into force on April 6.
