Financial and business news from Bulgaria

Important! They create state gas stations in our country that will bring down fuel prices

The Ministry of Finance proposes the creation of a state-owned enterprise “State Oil Company” to the Minister of Economy, which will perform all the functions of the state reserve for storage and renewal of the reserves of petroleum energy products, but also to sell fuels to citizens, reported by the MoF.
The main purpose is to optimise the management of reserve requirements and ensure their achievement and sustainable maintenance in compliance with the requirements of European legislation.

In order to improve competition in the market and ensure maximum low prices for citizens and businesses, as an additional activity, the company will build gas stations throughout the country in settlements and on the main roads in the next year.

The gas stations of the state-owned company will provide the possibility of charging electric vehicles in the context of the strategy for low carbon economy and environmental protection.

In order to ensure maximum competition in the fuel market, licensed warehousekeepers will not be able to refuse the storage of fuels to other depositors. It is also envisaged that the state-owned company will have warehouses in which fuels will be stored for other depositors.

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