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

The first statue found at Heraclea Sintica probably depicts the grandson of Emperor Octavian Augustus

The first marble statue discovered in the ancient city of Heraclea Sintica on 3 July,  is probably of Lucius – grandson of Roman Emperor Octavian Augustus, announced Prof. Lyudmil Vagalinski who is in charge of the excavations...

published on 11/26/24 10:30 AM

Rumen Radev in Vietnam: Wise diplomacy can prevent war

President Rumen Radev, who is paying an official visit to Vietnam, delivered a lecture on the occasion of the 75 th anniversary since the establishment of diplomatic relations between the two countries at the Diplomatic Academy of the Ministry of..

published on 11/26/24 9:30 AM
(L to R) Atanas Atanasov, Kiril Petkov, Bozhidar Bozhanov, Nikolai Denkov from PP/DB

PP/DB: Boyko Borissov as PM is absolutely unacceptable

“We find the proposal of Boyko Borissov as premier of Bulgaria absolutely unacceptable, we are not going to be involved in any trading in positions.” This is the answer We Continue the Change/Democratic Bulgaria (PP/DB) gave to the proposal by GERB..

published on 11/26/24 9:12 AM