Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria to tax excess profits earned on cheaper Russian crude

Photo: EPA/BGNES-archive

Following a decision of Bulgaria’s Parliament, excess profits earned from fuels produced with cheaper Russian oil will be subject to taxation. Consumers are to receive the price margin between the cheap Russian Urals crude, processed by Lukoil Neftohim oil refinery in Burgas, and the fuel sold at a price similar to the price of fuel produced with Brent crude (which is more expensive). 

"Lukoil will give 70% of the price margin between the two types of crude (Urals and Brent) to the Electricity System Security Fund. Later, the funds will be used to compensate transport users. The financial assistance will be based on social criteria.




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

Atanas Atanasov

PP-DB want prime minister to tell the parliament why snipers are guarding Boyko Borissov’s home

The parliamentary group of PP-DB will insist for a hearing of the caretaker Prime Minister and the Minister of the Interior in the National Assembly over the reasons for increasing the level of protection of the chairman of GERB,..

published on 6/25/24 9:00 AM

The Armenian community in Burgas presents its traditional dishes

The Armenian community in Burgas will present its traditional dishes at 10:30 am on June 25 in the Ethno-kitchen of the Ethnographic Museum at 69 Slavyanska Street. The event is part of the project "Old Burgas through the Eyes of Dr. Melkonyan". The..

published on 6/25/24 6:05 AM

Hot weather persists

On Tuesday it will be mostly sunny before noon, with light to moderate east-northeasterly winds in the afternoon.  Maximum temperatures will be between 31°C and 36°C, around 31°C in Sofia. In the mountains it will be sunny in the morning ...

published on 6/24/24 7:05 PM