Bulgaria Hit by Fuel Shock as Diesel Prices Surge 37% Since Iran War Began
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
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Within the framework of the Balkan gas hub, Bulgaria will build a gas exchange, which will also include private shareholders. This became clear during the discussion of changes in the country's energy strategy.
It will be extended to the gas transmission network from the Bulgarian-Turkish border to Serbia. This will require 2 billion and 800 million leva. It is not yet clear when the gas exchange will be built, said Vladimir Marinov, director of Bulgartransgaz.
"The aim at this stage is that this exchange is not 100% state-owned and all end-users on the territory of Bulgaria, all trade unions and employers' organizations will be part of this exchange", Marinov explained.
With Bulgaria's participation in the project to build the liquefied gas terminal at the Alexandroupolis seaport, our country will have the opportunity to receive blue fuel from Qatar, Egypt and the United States.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began