Romania to Declare Crisis in Crude Market to Curb Soaring Fuel Prices
Deep News
Mar 23
According to an email statement, the Romanian government will approve an emergency decree declaring a crisis state in the crude oil market to limit the surge in fuel prices triggered by the conflict in the Middle East.
The decree, expected to be approved on Tuesday, will authorize the government to implement a series of measures over the next six months to protect the economy and the public, with the possibility of an extension if the crisis persists.
The statement noted that some of the measures include capping commercial price increases for gasoline, diesel, and the raw materials used in their production.
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