The average price per litre of fuel in Romania is now around 1.14 Euros and it is expected to rise soon, because of the new taxation levels introduced by the government. The prices of fuels in Romania has increased by 16 percent in 2010, while the international price of crude oil has only increased by 12 percent in the same year.
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The funny part:
Romania was a major oil producer in the 1930s. Production was 7.2 million tons in 1937, when Romania ranked seventh in the world. Nowadays, Romania still produces some oil, at around 3.5 million tons per year, but this level of production isn't nearly enough to make the country self-sufficient.
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