BUSINESS

Bulgaria wants to freeze petrol price

Soaring petrol prices in Bulgaria prompted the Sofia government to take drastic measures, the Novinite press agency reports, quoted by Realitatea.net. The prime-minister Borisov and the Finance Minister met, yesterday, representatives of the oil industry. One of the main measures envisaged by the Bulgarian Executive is freezing petrol prices for a month. Thus, Lukoil – the owner of the only refinery in Bulgaria – agreed to a price moratorium. The Sofia Executive started negotiations in the wake of protests in which tens of thousands of people gave vent to their dissatisfaction regarding fuel prices. In Bulgaria, the price of a litre of petrol is EUR 1.4, much higher compared to countries like Spain, Estonia or Poland.

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