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Fuel prices in Bulgaria are going to rise to record levels once again. File photo
Prices of fuel in Bulgaria are expected to hit new record highs in the first week of September.
After price of the most common fuel, the A95 gasoline reached the unprecedented BGN 2.78 per liter and after the hike in the price of diesel, now the cheapest fuel - liquid petroleum gas, LPG known as propane-butane, will go up to BGN 1.36 per liter, according to the forecast of experts, cited by the Bulgarian Trud (Labor) daily.
They ground the forecast on the fact that one day ago the wholesale fuel prices went up by 4%. Gasoline and diesel are expected to reach new record highs by the end of the week as well.
The most common expatiation is once again the increase of oil prices on global markets by 10% and Russia upping on September 1 its export duty on oil.
The hike, however, coincides with the long, 4-day weekend over the Bulgarian Unification Day, something that has become traditional in recent years when prices always go up around holidays.
The forecast is seriously increasing the likelihood of taxi cab prices going up by at least BGN 0.20 per kilometer, since they use mostly LPG.
Deputy Prime Minister Tomislav Donchev assured on Thursday that Bulgaria will not face a fuel crisis, stressing that the government is doing everything in its power to prevent one
Energy Minister Zhecho Stankov has reassured Bulgarian citizens that the country’s fuel reserves are sufficient to cover domestic needs for several months
Bulgaria faces an urgent need to access its fuel reserves stored overseas
Bulgaria currently has gasoline reserves sufficient for around 35 days and diesel for over 50 days, according to Assen Assenov, chairman of the State Agency “State Reserve and Wartime Stocks”
Fuel prices in Bulgaria have been gradually rising over the past three weeks
Bulgaria cannot legally impose a ban on fuel exports, according to Nikola Yankov, former Deputy Minister of Economy and former Bulgarian representative for Lukoil
The United States has granted Bulgaria a significant exemption from its sanctions on Lukoil
Britain has introduced a temporary exemption that permits continued business with two Bulgarian subsidiaries of the sanctioned Russian oil group Lukoil
Lukoil has announced that all of its gas stations across Bulgaria are operating as usual and will continue to do so without interruption
Martin Vladimirov, director of the Geoeconomics Program at the Center for the Study of Democracy, said in an interview with the Bulgarian National Radio that the most beneficial outcome for Bulgaria would be for a strategic Western investor to acquire Luk
Energy Minister Zhecho Stankov has reassured Bulgarian citizens that the country’s fuel reserves are sufficient to cover domestic needs for several months
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