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

A 100 square meter apartment in Bulgaria costs 199 average monthly salaries

In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real..

published on 1/6/25 10:10 AM

Bulgarian company awarded with gold license for investment project in Egypt

On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony at the General Agency for Investment and Free Zones, which was also attended by the Bulgarian..

published on 1/3/25 1:24 PM

Expected deficit at the end of last year exceeds €3 billion

Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic product (GDP), at the end of 2024. "Estimates suggest that the deficit will show an improvement..

published on 1/3/25 9:24 AM