Bulgaria could fall into a two-year stagnation accompanied by an inflationary spiral – so-called stagflation – if the government misses the current crisis, Asen Vasilev warns. The chairman of the "We Continue the Change" parliamentary group emphasized that there is currently a lack of real action from the authorities, while the current price of diesel is already beginning to impact the entire supply chain and fuel inflation. According to him, a "serious inflationary shock to food, oil, fuels, and gas" is imminent.

"At the moment the price is 1.92 euros; how high must the price go for the government to wake up from its summer slumber and see that it needs to provide compensation," Vasilev told journalists at the National Assembly. He recalled the precedent from 2022, when the price of diesel was 1.62 leva and the state provided a 25 stotinka compensation for cheap fuels. If the government does not have its own plans, Vasilev proposes to "rewrite" the measures that "We Continue the Change" implemented in 2022.

Price pressure is being intensified by Saudi Arabia's decision to limit crude oil supplies to Europe, announced yesterday. This means that an additional increase in gasoline and diesel prices is expected by the end of the year. For these reasons, the government must act immediately with a package of measures to address rising fuel prices.

Changes in fuel prices will affect transport and goods costs throughout the Burgas region.

Similar calls for measures against high fuel prices were also made earlier today by the parliamentary groups of "Democratic Bulgaria" and "Vazrazhdane".