Romania lost RON 7bn, as the reference price of petroleum royalties hasn’t been updated since 2008

The state budget has lost revenues of RON 7 billion during 2010-2015, because the reference price of gas, on which the petroleum royalties are calculated, has not been updated since 2008, as two checks conducted by the Court of Auditors reveal, National Agency for Mineral Resources (ANRM) adviser, Dorinel Ursarescu, has said on Wednesday. ANRM organised a public debate on Wednesday on the issue of updating the natural gas reference price, on which the petroleum royalties due to the ...

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