Petrol's Price in Bulgaria to Increase
Updated on: 05.06.2007, 15:31
Published on: 05.06.2007, 15:03
Increase of the petrol's price is expected at the beginning of the summer, reported Valentin Kunev, chairman of Balkan and Black sea petrol association. Bulgaria process round 5-6 million tons oil annually and Greece - 20 million tons, explained Kunev.
According to his words the bigger producing possibilities of our Southern neighbor is main reason for the lowest prices of petrol in there.
Round 15% of the fuels could be imported in Bulgaria and sold after that. This creates favorable competitive field on the market.
The executive director of the petrol association also prognoses the rise in fuel's prices as a rule that the world competitiveness reacts with higher costs in countries from the Northern hemisphere, where are situated the main oil producers.
