OMV Bulgaria Head Expects Continuing Drop Of Fuel Prices

Business | December 9, 2014, Tuesday // 14:32
Bulgaria: OMV Bulgaria Head Expects Continuing Drop Of Fuel Prices

In mid-term aspect, the fuel prices will continue to drop, said the executive director of OMV Bulgaria Petar Velichkov at a press conference.

He could not give specific numbers, as the price was determined by the movement of the global crude oil prices.

According to him, however, the price of car fuel was calculated by a complicated formula, which includes taxes, excise duties, production and transport costs and less than half of the price was determined by the crude oil price.

“If cars ran on crude oil, life would have been much easier,” Velichkov noted.

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Tags: oil, Petrol, prices, fuel

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