Towards the end of the quarter, retail fuel sales dropped sharply by more than 30% and the refinery utilization rate was adjusted to slightly above 80%.

As OMV Petrom published their key performance indicators, we are bringing you their key takes. The company notes that the Q1 2020 report will be published on 29 April 2020 and that the information contained in this trading update may be subject to change and may differ from the final numbers of the quarterly report.

The company notes that lower oil prices and the COVID-19 crisis had a negative impact on Q1/20 Group performance. Towards the end of the quarter, retail fuel sales dropped sharply by more than 30% and the refinery utilization rate was adjusted to slightly above 80%.

Source: OMV Petrom, Bucharest Stock Exchange