The government has found a targeted and effective mechanism for compensating for high fuel prices, which will be activated at a price of 1.6 euros per liter. This was stated by the caretaker Minister of Energy Traycho Traykov. He emphasized that the Bulgarian model is recognized as the best practice in the EU.
The mechanism is linked to higher revenues from excise duties, resulting from the increased prices. Reducing VAT on fuels is another fiscal measure that would be effective for end consumers. Traykov assured that there are funds for compensation.
He also commented on the markups on fuels, pointing out that prices in Bulgaria are among the lowest in the EU. Markups along the supply chain are monitored by the NRA and the CPC.
The Minister also touched upon the topic of the state reserve, explaining that it is for securing fuels in case of a shortage, and not in case of high prices. Traykov also commented on the arbitration case of "Litasco" against Bulgaria and the arbitration case led by Bulgaria against "Gazprom".
Regarding Kozloduy NPP and the emergency shutdowns of the sixth block, Traykov stated that he had issued an ultimatum to the management. Regarding the contract with the Turkish energy company "Botash", he expressed moderate optimism for changes.