Bulgaria: Petrol and Diesel Prices are still Rising
The price of A95 gasoline at the main gas stations in Sofia reaches from BGN 3.35 (EUR 1.71) to BGN 3.43 (EUR 1.75) per liter, and diesel - from BGN 3.50 to BGN 3.58
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The Bulgarian Petroleum and Gas Association (BPGA) has expressed its surprise at the competition watchdog's claims of a cartel agreement involving six major oil and gas retailers.
The Commission for the Protection of Competition (CPC) of Bulgaria earlier this week accused the retailers in question of working together to exchange pricing information and conduct a common price policy aimed to "prevent, restrict and violate competition on the retail market of petrol and diesel fuels in the country."
The companies concerned are Lukoil Bulgaria EOOD, Eko Bulgaria EAD, Shell Bulgaria EAD, OMV Bulgaria OOD, Nis Petrol EOOD, and Petrol AD.
However, BPGA chair Andrey Delchev said on Tuesday "no-one" in the association had been made familiar with the commission's motives as of the moment and the claim could not be commented.
The BPGA represents companies dealing with trade and distribution of liquid fuels and gas.
A press conference of the CPC is expected on Thursday, October 13, where the watchdog will cast more light on its claim.
The commission argues Article 15 of the competition law and Article 101 of the Treaty on the Functioning of the European Union have been violated by the companies' activities.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022