Higher fuel prices as of January 1, 2019

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Fuel prices will increase as of January 1, 2019. The litre of fuel will cost by RON 0.20 more, resulting in costs by RON 10 higher for a 50 litres full tank. The increases are the consequence of increased excise duties, calculated according to the inflation rate, realitatea.net reports.

The price of fuel has decreased in the past two months, with the litre of petrol costing RON 5 and the litre of diesel fuel RON 5.30. This level will increase by RON 0.20 per litre as of January 1.

“The bio component of fuels will increase, in order to meet the European legislation. It is obvious that a higher share of bio fuel will increase the price. The second reason is connected to fiscal measures, as the excise duties will increase by 3.1%, the inflation rate,” consultant Adrian Benta says.

Economic analysts anticipate price increases in 2019, with the litre of fuel reaching about RON 6.

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