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

Albania to be decoupled from North Macedonia on the EU accession path

''Bulgaria and North Macedonia signed a Good Neighbor Agreement, which is part of the EU enlargement plan, and no one can deviate from it, said GERB leader Boyko Borisov, who is also the chairman of the National Assembly Committee on Foreign Policy...

published on 9/26/24 11:43 AM

Survey: 1/3 of Bulgarian voters are ready to go to the polls

Seven political formations would enter Parliament if elections were held at the end of September, according to a survey by Alpha Research agency. GERB-SDS would earn 23.9% of the votes. We Continue the Change-Democratic Bulgaria comes second with..

published on 9/26/24 10:45 AM

Bulgarian Academy of Sciences elects six new academicians

The Assembly of Academicians of the Bulgarian Academy of Sciences elected new academicians.  Ilza Pazheva has become an academician in biological sciences. Her main scientific achievements are in the field of bioinformatics and QSAR modeling. She..

published on 9/26/24 10:11 AM