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

Traders and fuel producers predict rise in oil prices

Photo: EPA/BGNES archive

The prices of mass fuels will exceed BGN 3 per liter. Such are the forecasts of the Association of Fuel Traders and Producers, as the price is expected to rise by around 8-9%. 

Oil traders have warned that the removal of the derogation for processing Russian oil from the Burgas refinery will lead to an increase, and due to strong government pressure, the owners of the refinery will close it. The ownership is Russian and it is possible that the company decided not to process any other product than Russian. 

Analysts from the Center for the Study of Democracy believe, however, that the switch to non-Russian oil will not cause tremors in the market. According to representatives of the Center, the Lukoil refinery is extremely modern and can process various types of crude oil from the Black Sea basin, including oil from the Middle East, without significantly increasing production costs.



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

Far-right group organizes Lukov March in Sofia

Despite the ban by the Sofia Municipality, the Lukov March took place under heightened police presence. Participants in the far-right procession gathered on February 22 at Sveta Nedelya Square. They marched to the house of General Hristo Lukov, where..

published on 2/23/25 11:26 AM

Bulgaria–North Macedonia commission on historical and educational issues reports no progress

The meeting of the Joint Multidisciplinary Commission of Experts on Historical and Educational Issues between Bulgaria and North Macedonia  in Skopje ended without progress, BTA reported. On February 21 and 22, the Commission once again..

published on 2/23/25 10:14 AM

Ursula von der Leyen condemns the attack on the European Commission building in Sofia

Police are searching for all those involved in the clashes in front of the European Commission building in Sofia on Saturday, February 22, Bulgaria’s Minister of Interior Daniel Mitov told public broadcaster BNT. ''Outrageous scenes in Sofia..

published on 2/23/25 9:54 AM