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

2025 portends difficult survival for businesses against the backdrop of political instability and foreign policy challenges

The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..

updated on 12/30/24 1:16 PM

Businesses are cautious in their expectations for 2025

41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..

published on 12/17/24 11:32 AM

The price of electricity is expected to increase by 9% on January 1, 2025

The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..

published on 12/15/24 10:01 AM

WEATHER

Pick city: Sofía

Partly Cloudy
Min: 1 | Max: 12

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Eurozone entry could bring benefits for Bulgarian businesses and economy

Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services..

published on 1/8/25 11:37 AM

Share