Black Sea attacks could put additional pressure on diesel prices in Romania (analysis)

Increased attacks on vessels in the Black Sea are likely to raise diesel prices in Romania due to higher insurance and transport costs. The war-risk premiums have surged, significantly impacting shipping expenses. As diesel prices already exceed 1,600 USD per tonne, the added insurance costs could increase prices by 5-12 bani per litre. The situation is exacerbated by limited domestic refinery output, making Romania reliant on imports. Analysts warn that price interventions could lead to reduced supply, further complicating the market. Authorities are urged to reassess the impact of taxes and maritime risks on fuel prices.