MOL Romania: fuel sales down 5.8 pc in Q1

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The overall fuel volume sold by MOL Romania in Q1, 2009 went down by 5.8 percent compared to the same period of the previous year because of the economic crisis, the company reports.
Partially, the decrease explains through the fact that in the first quarter of 2008, MOL Romania’s portfolio of products included leaded petrol, Eco Premium, a product which was withdrawn on April 1, 2008. According to MOL, without this shrinkage of the portfolio, the diminution of the first quarter would have been of only 3.5 percent.
MOL Romania’s market share maintained at about the same level as against 2008, reporting a slight reduction from 11.3 percent in the first three months of 2008 to 10.8 percent in the first quarter of this year.
The segment of fuel sales to corporate customers was also afflicted by the economic conditions, decreasing in terms of volume 14.1 percent in Q1, 2009 as against the same period of the previous year.
In Q1, 2009, the performances reported by shops located within petrol stations were less afflicted buy the financial crisis, with a 2 percent rise (in RON) as against the period of the previous year.
Recently, MOL Romania has opened a new petrol station in Codlea (Brasov county, north of Bucharest). This is strategically situated near the junction with the future Transylvania motorway (Brasov-Bors).
The new petrol station covers an area of 2,000 sq.m. and entailed a Greenfield investment worth one million euros (without the price of the land). The overall network of MOL Romania petrol stations is of 134.
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