When the processing of oil is limited and the import of Russian oil is stopped in March for good, the price of diesel and gasoline will increase and reach the average European levels – about 1.60 euros – 3-3.20 BGN. Energy expert Yavor Kuyumdzhiev commented this to Radio “Focus”.
Although there is no logic in reaching catastrophic scenarios, he nevertheless warned that the state does not have the tools to influence stressful situations in the market. “Purely by law and theoretically, the state should have reserves for three months of consumption of the main types of fuels, which should be managed by the State Agency “State Reserve”, but this is only on paper, because the state does not have warehouses in which to holds them these fuels.
Bonded warehouses are usually paid to store them, because in Bulgaria the warehouses do not have enough capacity”, noted the expert and added that if it is necessary to withdraw the stocks from the “State Reserve”, we have yet to see if they are really there and recalled cases from the past.
Asen Vassilev: There is no risk that Bulgaria will run out of fuel
“In the past, there were cases in which, during inspections of the available fuels, it turned out that this was not exactly the situation, in the sense – there are none. Let’s hope that’s not the case right now. But even if the warehouses are full, it is for three months. If it becomes a bigger debt crisis, there is no solution,” he explained.
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According to Kuyumdzhiev po-the risk is high if the refinery’s activity is limited, because the volume of produced and processed fuel may drop in 2024. “In this way, they will reduce the revenue in the treasury in 2024. But this is the result of the actions that are being taken against the refinery,” said the expert.
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2024-01-05 08:45:00
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