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The chairman of the Energy and Water Regulatory Commission (KEVR) Ivan Ivanov reckons that the demand of Bulgargaz for a 32% hike in the price of natural gas as of April 1 is unjustifiably high.
“What they have made as a preliminary estimate really concerns me and worries me deeply. My appeal to Bulgargaz is for them to look for internal reserves as well via slashing their expenses and structuring of such type that this percentage is lower in their official proposal. Let them not forget that a lot of other extremely important communal services like heating and the price of heating, of highly efficient electric energy and, at the end, the electricity for household needs depend on the price of natural gas. But, at the same time, natural gas is also an energy supplier which is used in the production of various goods.”
Bulgaria’s caretaker government is preparing measures aimed at easing the impact of rising fuel prices on both households and businesses.
Bulgargaz has submitted a proposal to raise the price of natural gas by 5.12% for April. Should the Energy and Water Regulatory Commission (EWRC) approve the request, the commodity would be sold at EUR 34.27 per megawatt-hour, excluding additional costs f
Serbia has implemented measures to limit fuel prices and temporarily halt exports of petroleum products, a move affecting neighboring countries, including Bulgaria
The Commission for the Protection of Competition (CPC) has identified substantial markups in Bulgaria’s food sector, reaching up to 90% on certain products.
The Fiscal Council has assessed that a 25% surge in global oil prices would constitute a moderate external shock for Bulgaria, primarily impacting the economy through higher energy import costs, rising inflation, and a potential slowdown in external deman
Between 2022 and 2026, Bulgaria provided humanitarian and technical energy assistance to Ukraine, according to the Ministry of Energy.
Bulgargaz has submitted a proposal to raise the price of natural gas by 5.12% for April. Should the Energy and Water Regulatory Commission (EWRC) approve the request, the commodity would be sold at EUR 34.27 per megawatt-hour, excluding additional costs f
The Fiscal Council has assessed that a 25% surge in global oil prices would constitute a moderate external shock for Bulgaria, primarily impacting the economy through higher energy import costs, rising inflation, and a potential slowdown in external deman
Bulgaria’s state fuel reserves are sufficient to cover normal consumption for the next 90 days, but domestic fuel prices continue to climb amid the ongoing military conflict in the Middle East
Acting Prime Minister Andrey Gyurov highlighted the strategic importance of energy infrastructure for the European Union during a meeting in Paris with other European leaders, convened at the invitation of French President Emmanuel Macron.
Bulgaria is increasingly turning into a destination for motorists from neighboring countries seeking cheaper fuel, as turbulence on global oil markets linked to tensions in the Middle East continues to influence prices across the region.
The ongoing military conflict in the Middle East is expected to influence fuel prices in Bulgaria with a lag of approximately 7 to 14 days, potentially pushing inflation in the country up by around 0.6%, according to economist Assoc. Prof. Shteryo Nozharo
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