Petrom modifies fuel prices

November 3, 2006

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

Petrom announces new prices for its oil products in own retail network starting November 4th, 2006, 00:00 hours.
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.
The measure of Petrom prices reduction was taken following the decrease of the international quotations, adapted to the market conditions in Romania.
Because Petrom applies a moderate and cautious prices policy, Petrom’s average prices are among the lowest prices in Europe.
Petrom regards it as its obligation vis-à-vis its customers to communicate the price changes. As a customer oriented company, Petrom exercises the highest transparency possible and thus remains the only operator of filling stations to publish its price changes.
Petrom’s fuel prices will be modified as follows: