Rompetrol has 27 stations in ‘advanced stage’ of modernization; rebranding continues
Romania’s Rompetrol currently has 27 stations in an ‘advanced stage’ of modernization after upgrading a total of 90 filling stations during all of 2014, the company said in a statement it released in mid May.
At the end of March 2015, the distribution business of Rompetrol Downstream consisted of more than 740 selling points, including its own stations network, the partner stations and the mobile stations, the company added.
As for its earnings, Rompetrol Rafinare recorded a consolidated turnover of US$878 million in the first quarter of 2015, 33% down from the same period of 2014, “mainly due to the decrease of international petroleum products prices, despite an increase in sales (+1% on the internal market and +4% on the external market in Q1 2015 as compared to Q1 2014).”
For this year, the company plans to invest $112 million, of which $88 million will go to the Petromidia and Vega refineries.
The net result was hit by the Romanian excise tax on petroleum products, 19.5% higher for petrol and 21.2 % higher for diesel in Q1 2015 as compared to the same period of last year.
“Prices charged at the Rompetrol stations were, on average, 9.4% and 9.8% respectively cheaper for petrol, diesel than the in same period of 2014,” the company said.
