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's Ministry of Interior to combat vapes containing narcotic substances

Bulgaria’s Minister of Interior Minister Daniel Mitov announced with a post on the social networks that the General Directorate for Combating Organized Crime is working on identifying websites selling vapes with drugs. "They are looking for a..

published on 2/4/25 11:06 AM
Bulgaria's minesweeper

The danger of drifting mines in the Black Sea will persist for years after the end of the war in Ukraine

"We need drones for aerial surveillance  so we don’t have to use helicopters and airplanes to monitor the Bulgarian waters", said one of the commanders in the Mine Countermeasures Naval Group in the Black Sea in an interview with public service..

published on 2/4/25 10:27 AM

Parliament needs to decide how voting will take place in the out-of-country constituency

Since January 1, there has been an out-of-country constituency. In the event of new parliamentary elections, it will have its own voter list. However, the issue regarding the length of the voter list will be resolved at the end of March at the..

published on 2/4/25 9:28 AM