Text size

Fuel prices on the rise in Bulgaria

published on 3/1/24 2:55 PM

Svetoslav Benchev, Bulgarian Oil and Gas Association

Photo: BGNES

Retail fuel prices in Bulgaria rose by an average of 10 cents for diesel and 4 cents for petrol last month.

"The prices are fully justified. They are related to what is happening on the international oil markets," said Svetoslav Benchev of the Bulgarian Oil and Gas Association.

The industry warns that fuel prices will rise because of stricter EU requirements for the use of alternative and biofuels, and that Bulgaria should take timely action to avoid price shocks. "What we can say in general is that we are back in a world where every geopolitical event has an impact on the price of fuel," Benchev said.

Under EU rules, member states must gradually replace conventional fuels with biofuels and carbon-neutral fuels.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy eu requirements fuel prices retail Svetoslav Benchev

More from category

President Rumen Radev and the Ambassador of Japan to Bulgaria H.E. Hisashi Michigami

Bulgaria and Japan keen on developing strategic economic partnership

Bulgaria can be a strategic partner of Japan for the region of Eastern and Central Europe. This was stated by Bulgarian President Rumen Radev as he welcomed the participants in the business breakfast organized by the Japan-Bulgaria Business..

published on 3/24/25 11:37 AM

Black Sea real estate up 20%

Property prices on the Black Sea coast have risen by 20%, Nova TV reported, citing major real estate agencies in the Burgas region. Most of the buyers are from Bulgaria and are looking to buy large apartments as an investment, mainly for holiday use...

published on 3/23/25 5:32 PM

China hopes to see more Bulgarian products on the tabl

Cooperation between Bulgaria and China in the field of agriculture and food is very active and is constantly expanding. This was stated at a meeting in Sofia between Deputy Minister of Agriculture and Food Lozana Vasileva and Wan Lejun, Chief Animal..

published on 3/20/25 6:23 PM