Bulgaria signals fuel price relief as government unveils support package

Bulgaria’s acting Finance Minister has said a sharp decline in global oil prices should soon translate into lower fuel costs domestically, as the caretaker government rolls out fresh financial support for the transport sector and small businesses.

Georgi Klisurski stated that a 15–20% drop in international oil markets ought to lead to reduced prices at petrol stations in the foreseeable future. He added that de-escalation of tensions in the Middle East remains the most reliable solution to the recent price shock affecting energy markets, Caliber.Az reports per foreign media. 

Alongside expectations of easing fuel costs, the government announced a series of targeted support measures.

Klisurski said €18 million has been allocated to sustain inter-village bus routes, particularly in remote and mountainous regions, in an effort to preserve transport connectivity. A further €2.5 million will be directed toward school transport services.

In addition, the caretaker administration has secured a €30 million deferral of planned toll increases that were due to take effect on April 1. The move is expected to ease pressure on small businesses and transport operators, particularly those operating older, less environmentally friendly vehicles.

Bulgaria has also formally notified the European Commission of plans to provide €50 million in state aid to the transport sector.

The minister stressed that the measures are designed to support the most vulnerable citizens and sectors of the economy, regardless of fluctuations in global markets.

By Sabina Mammadli