Send to Kindle
Lukoil Bulgaria CEO Valentin Zlatev has stressed that fuel prices in the country have already crossed the psychological boundary. Photo by BGNES
Given the current crude oil prices on international markets, liquid fuel prices in Bulgaria could drop by BGN 0.09-0.10 per liter as a result of short-term measures adopted by the state, according to Lukoil CEO Valentin Zlatev.
In a Monday interview for Presa daily, Zlatev says that prices have already overstepped the psychological boundary.
He notes that drivers in Bulgaria now buy below 11 liters per fill up, compared to 17 liters a few years ago.
The CEO of Lukoil Bulgaria attributes the high fuel prices mainly to the high cost of crude oil, which he says seems to be settling down.
Zlatev explains that the pricing scheme per liter of gasoline includes 41-42% in taxes, 40-41% in raw material costs, the rest being the cost of processing, transport and distribution.
He goes on to remind of the temporary moratorium on retail fuel prices imposed in 2011.
Zlatev argues that the removal of the bio-component from gasoline and diesel could reduce prices by BGN 0.06 per liter, while reducing mandatory reserve levels for fuel distributors could lead to a BGN 0.02-0.03 per liter price decrease.
In the beginning of April, Deputy Prime Minister and Finance Minister Simeon Djankov adamantly opposed the idea of removing the biofuel components and of imposing a moratorium on fuel prices.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Amidst concerns over potential fuel shortages exacerbated by Ukrainian drone attacks, Russia has approached Kazakhstan with a request to stand ready to supply 100,000 tons of gasoline, as reported by three industry sources to Reuters
Consumers may have noticed a slight uptick in fuel prices over the past month, with gasoline and diesel seeing modest increases in Bulgaria
To address increased domestic demand and facilitate refinery maintenance, Russia has announced a six-month ban on gasoline exports starting from March 1
%. In November 2022, compared to the previous month, the largest increase in the supply of energy products was observed for natural gas - by 56.3%, and the largest decrease was recorded for propane-butane mixtures - by 10.9%, according to data from the Na
The Ministers of Energy and Economy spoke today with the management of "Lukoil Neftochim" and "Lukoil Bulgaria"
Gasoline in Bulgaria for the past month has become cheaper by 13 cents per liter, and the tendency is for prices to fall further. This is shown by the fuelo.net platform data
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
