Vassilev warns of temporary fuel price hike due to sanctions

ByEnigma 808

We continue the Change, leader Assen Vassilev said, adding that fuel costs may rise temporarily for one to two months as markets adjust after sanctions target Russian energy firms. Bulgaria must resolve the Lukoil situation by November 21 to maintain supply continuity, with penalties against Rosneft and Lukoil already pushing global oil prices higher.

Vassilev emphasized guaranteeing fuel availability and supply security while inspectors review state reserves and storage facilities. The government prepared contracts in 2023 for alternative suppliers, excluding Russian petroleum, after similar disruptions. Lukoil controls the largest storage infrastructure, creating a significant risk if Russian ownership persists.

The politician told reporters in Sliven on Saturday that state ownership of port facilities enables service to non-Lukoil suppliers. He said the 2025 budget can maintain a 3 percent deficit by curbing excessive financing of state enterprises. Parliament meets on Tuesday for an extraordinary session addressing medical professional salaries.

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    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.