Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Drop in budget revenue due to lower fuel prices

Photo: BGNES

"Bulgaria is experiencing a fall in fuel prices. There has been a decrease in the last 3 months by about 19% for gasoline and 17% for diesel. Bulgarian fuel prices before VAT and excise duty are slightly below average European levels", energy expert Martin Vladimirov from the Center for the Study of Democracy told the BNR. 

The negative effects on the Bulgarian economy come because of the much lower budget revenues from VAT and excise duties, the expert said. In Bulgaria, fuels annually account for about 30% of VAT revenues. The decline in May and June is estimated at between 30 and 35%, which is a serious shock to the budget, Vladimirov commented.





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria sends North Macedonia a draft agreement for a railway tunnel connecting the two countries

The Bulgarian government has sent the Republic of North Macedonia a draft agreement for the preparation, construction and operation of a cross-border railway tunnel connecting the two countries.   The Bulgarian state's proposal is that the two..

published on 1/14/25 2:38 PM

A free retro tram takes residents and visitors of Sofia on a tour around the city center

The Sofia Public Electrical Transport Company and the Tourism Municipal Enterprise (Visit Sofia) are organizing a free ride on a retro tram on the occasion of the 124th anniversary of the launch of the first tram in Sofia on January 14, 1901...

published on 1/14/25 1:37 PM
Rosen Zhelyazkov

Negotiations for forming a regular cabinet continue

It depends on the course of the talks with the Alliance for Rights and Freedoms (APS) whether a folder with names for forming a government will be submitted tomorrow. Speaking to the media, Rosen Zhelyazkov from GERB-SDF pointed out that nothing has been..

published on 1/14/25 12:18 PM