Petrom modifies fuel prices

• Petrom decreases the fuel prices
• Update due to fluctuation of international quotations of fuel products

Petrom announces new prices for its oil products sold in own retail network starting July 26, 2007, 0:01 hours. The price of the gasoline sold in Petrom and PETROMV filling stations will be decreased by 0.05 lei/liter.

The measure of Petrom prices modification was taken following the decrease of the international quotations, adapted to the market conditions in Romania.

Petrom’s prices policy, taken up at the beginning of 2005, depends on the international developments of the oil product prices but also on the domestic market context.

Petrom SA holds in Romania around 500 Petrom filling stations, out of which 75 filling stations operate by a modern concept, introducing international quality standards, PETROMV.