The first three months of the year brought the most importantoil market players declines of between 4 and 9% in sold volumes onthe retail segment. Whilst most companies banked on a sales pick-upin the second half of 2010, the government's austerity measuresoffset this estimate, with the fuel market heading to the secondyear of consecutive slides after demand shrank by 6% in 2009.Despite the falling sold volumes, oil companies had an advantagethat prevented the slump from being strongly felt in turnovers: thespeedy rise of international quotes for petrol and diesel oil inparallel with the strong RON decline against the dollar. Since thestart of the year, in the case of Petrom, petrol prices have goneup 8.5%, while diesel oil has become 10.7% more expensive. Oilcompanies say that at least on the retail segment sales are likelyto contract by as much as 10%, more than last year.
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