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Profit per liter of fuel fell below half a penny
A further reduction in fuel prices is expected in the coming days, revealed a 24-hour check with oil companies.
Expectations are that the decline will be 3-4 cents per liter. This means that a liter of gasoline will fall below 2 levs in large chains, and that some smaller and less expensive items will cost less than 1.90 lv. In the case of diesel for large traders, the retail price will be on average 2 20 leva, and for the youngest and less than 2.10 leva.
That's it
the lowest price
of essence of 2
years
and for diesel – for 7 months. In November, fuel prices were multiplied by 7 due to the drop in oil. As a result, the average price of gasoline dropped by 38 cents per liter and that of diesel by 22 cents.
It is possible that prices will fall as the fall in oil prices has not yet been reported, said Valentin Zlatev, president of the Bulgarian Association of Oil and Gas and general manager of Lukoil. Bulgaria. However, it does not engage in specific values because, in accordance with the Commission's ruling for the protection of competition, it is forbidden for oil companies to announce and comment on prices.
The price of fuel depends mainly on oil and taxes, Zlatev said. The state has collected 45% of the value per liter of diesel and 51% of gasoline. Zlatev said the situation was similar throughout the EU. After deduction of all taxes and fees for the merchant, the net profit was 3.4 cents. Taking into account the discount given to large loyal retailers, the profit was reduced to less than one cent.
Bulk prices in Bulgaria have been influenced by several factors. The first concerns the EU fuel requirements: only those that meet the criteria of the Euro 5. The second factor, oil, is bought at international prices. And the third factor – production technology is almost equal, especially in Europe. It is therefore difficult to achieve very different production prices, including in Bulgaria.
Zlatev is categorical about the fact that the sale of lower prices of 20 to 30 cents can only be due to the non-payment of part of the taxes. And he gave the example that imports can not reach such a low price because there is no European refinery offering such quotes for fuel.
From 2011 to 2017, excise duties on diesel increased from 615 to 646 leva, or nearly 24%. Over the same period, consumption increased by more than a third and excise duty revenues by only 21%. This shows that there is an important gray sector in Bulgaria, said Zlatev. According to various estimates, the state has lost about 1 billion levers a year due to fuel smuggling.
The gray economy can be crossed,
as
liquidate
import channels,
the possibilities of illegal circulation of illegal fuels in the country and the elimination of final outlets, stressed Zlatev. He also said that the adoption of the fuel law was one of the good measures to take to fight smuggling, despite strong opposition to its adoption.
Diesel costs more than gasoline because of the majority of cars that use this type of fuel, said Zlatev. Last year, there were 50,000 more gasoline cars in our country. Fuel consumption has increased by about 2% in the last five years to nearly 512,000 tonnes of gasoline, while diesel is more sensitive in diesel, with over 40% to just over 2 million tons. Total consumption increased by almost 1/3.
Regarding competition in the retail business, the subject was more than controversial, said Zlatev. He pointed out that more than 4225 are service stations registered in Bulgaria, ie one car out of 645. By comparison, in Austria, there is an object of nearly 2,000 vehicles and an EU average of one. gas station for 3,900 cars. Within a radius of 900 km from Sofia, there were 19 refineries and competition was intensified by import opportunities.
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