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

Drop in budget revenue due to lower fuel prices

Photo: BGNES

"Bulgaria is experiencing a fall in fuel prices. There has been a decrease in the last 3 months by about 19% for gasoline and 17% for diesel. Bulgarian fuel prices before VAT and excise duty are slightly below average European levels", energy expert Martin Vladimirov from the Center for the Study of Democracy told the BNR. 

The negative effects on the Bulgarian economy come because of the much lower budget revenues from VAT and excise duties, the expert said. In Bulgaria, fuels annually account for about 30% of VAT revenues. The decline in May and June is estimated at between 30 and 35%, which is a serious shock to the budget, Vladimirov commented.





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

Unions stage a protest demanding ‘dignified pay’ for the public sector

With the slogan “No to the division of workers! Yes to higher incomes!” the Confederation of Independent Trade Unions in Bulgaria (CITUB/KNSB) held a protest in front of the Members’ Entrance of the National Assembly. The demonstration took place ahead..

published on 11/24/25 3:41 PM

There will be scattered clouds with no precipitation

On Tuesday, the lowest temperatures will range from 0°C to 5°C, higher along the Black Sea coast – between 8°C and 11°C, around 2°C in Sofia. During the day, Southwestern and Eastern Bulgaria will see scattered mid- and high-level clouds. Over the..

published on 11/24/25 6:45 PM

The Russian aggression in Ukraine hinders Black Sea cooperation

“Bulgaria remains a firm supporter of Ukraine’s efforts to achieve a just and lasting peace that guarantees its sovereignty and territorial integrity”, Minister of Foreign Affairs Georg Georgiev said at the opening of the 66th Session of the General..

published on 11/24/25 12:59 PM