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

University of Forestry celebrates its 100th anniversary

The University of Forestry is organizing a series of events dedicated to the century-old path of forestry education in Bulgaria. The first event is tonight, when a retrospective of forestry activities will be held with a lecture..

published on 1/28/25 9:04 AM

Discussion on opportunities for tourism in Bulgaria after joining Schengen

The Bulgarian Union of Balneology and SPA Tourism is organizing a round table on the topic "Bulgaria in Schengen - Challenges and Opportunities for Tourism". The event is taking place today at the Hilton Hotel in Sofia. "Bulgaria's full membership in..

published on 1/28/25 7:55 AM

Deputy Foreign Minister Elena Shekerletova attends the General Affairs Council in Brussels

Bulgarian Deputy Foreign Minister Elena Shekerletova is in Brussels to attend the regular meeting of the General Affairs Council as part of the programme of the Polish Presidency of the EU. The main topics of discussion will be the priorities of the..

published on 1/28/25 7:15 AM