Podcast in English
Text size
Bulgarian National Radio © 2025 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 ground public transport in the Bulgarian capital stopped operating at 4 am on 14 May 2025

Sofia will remain without bus, tram, and trolley transport also on Friday

For the third day in a row, Sofia will remain without ground public transport, the Center for Urban Mobility announced on its Facebook page. After a several-hour meeting with the capital's mayor Vasil Terziev, representatives of the Confederation of..

published on 5/15/25 9:10 PM

Last day of work: cool, rainy

Rain will begin in the western half of the country on Thursday night and spread across the whole country during the day . Cooler air will also move in. Maximum temperatures will range from 12°C in the west to 20°C in the east, with around 12°C in Sofia...

published on 5/15/25 7:05 PM

It is still unclear whether the transport blockade in Sofia will continue on Friday

Sofia Mayor Vasil Terziev met with the transport unions, representatives of the protesting employees of the capital's public transport for the second day, who are demanding a salary increase . The meeting ended without reaching an agreement. However,..

published on 5/15/25 6:33 PM