Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Traders and fuel producers predict rise in oil prices

Photo: EPA/BGNES archive

The prices of mass fuels will exceed BGN 3 per liter. Such are the forecasts of the Association of Fuel Traders and Producers, as the price is expected to rise by around 8-9%. 

Oil traders have warned that the removal of the derogation for processing Russian oil from the Burgas refinery will lead to an increase, and due to strong government pressure, the owners of the refinery will close it. The ownership is Russian and it is possible that the company decided not to process any other product than Russian. 

Analysts from the Center for the Study of Democracy believe, however, that the switch to non-Russian oil will not cause tremors in the market. According to representatives of the Center, the Lukoil refinery is extremely modern and can process various types of crude oil from the Black Sea basin, including oil from the Middle East, without significantly increasing production costs.



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

Premier Zhelyzakov: The governance program is ready and will be reviewed in the next days

"The governance program will be discussed later this week at a meeting of the Council of Ministers, and I hope it will address all questions and expectations from the public'', announced Prime Minister Rosen Zhelyazkov. He also commented on the..

published on 2/19/25 12:07 PM
Premier Rosen Zhelyazkov

Premier Zhelyazkov to participate at the European meeting on Ukraine via videoconference

On February 19,  Bulgaria’s Premier Rosen Zhelyazkov will participate in the second emergency meeting on Ukraine, hosted by French President Emmanuel Macron, the Bulgarian government said in a press release. Bulgaria received an invitation from..

published on 2/19/25 10:14 AM

The topic of the so-called ''Shopi nation'' was discussed in Bosilegrad

A forum was held at the BTA press club in Bosilegrad, provoked by the attempts to promote the so-called ''Shopi nation'' in the Western Outlands. MPs, diplomats and representatives of the academic community from Bulgaria took part in the discussion...

published on 2/19/25 9:51 AM