Bulgaria must have stored up a total of 1,1 million tonnes of oil and oil products stock till 2012, under a bill on the obligatory amounts of oil and oil products stocks, adopted by Cabinet July 25. Following the bill Bulgaria’s stock of oil and oil products will equal those of the other European countries. EU requires that every country has available a stock equal to the 90-day consumption of oil and oil products during the previous year to avoid the danger of possible oil crises. Estimates of the Cabinet show that some BGN 700 M will be needed to add up to the necessary stock. The amount, covering a 35-day consumption, will be maintained by a state agency, the stock for the remaining 55 days will be covered by producers and importers. In case of international crises amounts from the private sector will be used first, the Cabinet’s decision envisages. If needed that consumption may be limited and ceiling prices will be introduced, Economy Minister Vassilev said. Following the adoption of the act, fuel prices will go up by about BGN 0,01 per litre.