The National Agency for Energy Regulation (ANRE) reports that the downward trend in prices for major petroleum products, which continued for almost four consecutive weeks, was interrupted by the imposition of major new economic sanctions by the United States against Russian oil companies Rosneft, Lukoil, and their subsidiaries.
“International oil quotations recorded a sudden increase of about 5% on October 23, after the Office of Foreign Assets Control (OFAC) of the US Treasury Department announced sanctions targeting major Russian oil companies. Together, Rosneft and Lukoil export approximately 3.1 million barrels/day, which represents a significant part of the oil flows of the Russian Federation.
In the context of these developments, the Organization of Petroleum Exporting Countries (OPEC) has stated that it is prepared to increase its production to stabilize the global market, in case sanctions continue to affect trade flows. OPEC, which provides about half of the world’s oil production, has already increased its production targets for the current year by over 2.7 million barrels/day, equivalent to approximately 2.5% of global demand.
Consequently, Platts quotations for petroleum-derived products recorded a significant increase in the last trading session of about 4% for gasoline and 6.5% for diesel.
Under these conditions, for the period 25.10.2025 – 27.10.2025, the following maximum retail prices are set for main standard type petroleum products:
– 22.48 lei/litre – for COR 95 gasoline (+ 04 cents);
– 19.26 lei/litre – for standard diesel (+ 06 cents).
