Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria to tax excess profits earned on cheaper Russian crude

Photo: EPA/BGNES-archive

Following a decision of Bulgaria’s Parliament, excess profits earned from fuels produced with cheaper Russian oil will be subject to taxation. Consumers are to receive the price margin between the cheap Russian Urals crude, processed by Lukoil Neftohim oil refinery in Burgas, and the fuel sold at a price similar to the price of fuel produced with Brent crude (which is more expensive). 

"Lukoil will give 70% of the price margin between the two types of crude (Urals and Brent) to the Electricity System Security Fund. Later, the funds will be used to compensate transport users. The financial assistance will be based on social criteria.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Council of Ministers sitting on Lebanon, 30 September, 2024

Airplane on standby to fly to Lebanon and evacuate Bulgarian citizens

A State Aviation Operator crew is standing by to fly to Lebanon as soon as the phased evacuation of the Bulgarians there is given a green light. This was reported to caretaker PM Dimitar Glavchev on Monday morning at a Council of Ministers meeting..

published on 9/30/24 11:25 AM

No significant rise in the price of sunflower oil to be expected

The speculations of a rise in the price of sunflower oil in the coming months due to the poor harvest in the country will not come to pass, Vladimir Ivanov, chairman of the Commodity Exchange and Wholesale Markets State Commission said for the BNR...

published on 9/30/24 9:55 AM

Operation underway in Burgas against vote-buyng

A police operation was launched early this morning on the territory of Burgas against vote-buying. The operation aims to guarantee the normal process of voting at the early election for parliament on 27 October. Police are checking private..

published on 9/30/24 9:32 AM