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 marks 140 years since victory in the Battle of Slivnitsa

Prime Minister Rosen Zhelyazkov will take part in the solemn celebrations on the occasion of the 140th anniversary of the Serbo-Bulgarian War, which will be held on November 7 - Victory Day in the Battle of Slivnitsa. The ceremony..

published on 11/7/25 4:28 PM

Research ship "Sts. Cyril and Methodius" departs for Antarctica

Research ship "Sts. Cyril and Methodius" has departed from Varna after a solemn ceremony. In its fourth voyage to Antarctica the ship is expected to reach the Bulgarian Antarctic base on Livingston Island by the end of December and..

published on 11/7/25 3:21 PM

Strong security measures for Levski - CSKA derby on Saturday

The Sofia Police announced that they will use drones to monitor fans before and during the football match between Levski and CSKA, which will be held on Saturday at 3:00 p.m. at the Vasil Levski National Stadium. There will be..

published on 11/7/25 2:34 PM