Prices of diesel, petrol in Bulgaria hit new highs

Written by on July 24, 2012 in Bulgaria, Business, News - No comments

A return trip from Sofia to the Black Sea coast in a car fuelled by diesel now costs about 190 leva (about 95 euro) after prices of diesel and petrol in Bulgaria hit new record highs, according to a report by television station bTV.

Across the country, a litre of diesel costs about 2.71 to 2.75 leva and this could hit three leva in coming months, the report said.

A litre of A95 petrol currently costs about 2.64 to 2.65 leva and A98 about 2.84 leva.

Analysts said that the price rises were caused by increases in the prices of oil, increasing consumption of liquid fuels in countries like Japan and the significant depreciation of the euro against the dollar in the past month.

Economist Luchezar Bogdanov said that fuel prices were being pushed up by concerns about possible military conflict in the Middle East, in theoretical scenarios such as an attack by Israel against Iran or US military action against the Assad regime in Syria.

Fuel retailers in Bulgaria said that year-on-year, fuel purchases by motorists were down by about two per cent.

Separately, Transport Minister Ivailo Moskovski said on July 24 that the price of railway tickets would not increase before September or October. He said that he had commissioned an analysis to determine when and by how much the price of train tickets should go up, on the basis of increased prices of energy and materials.

(Photo: Kiril Havezov/sxc.hu)

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