Lukoil Bulgaria to Present Detailed Report on Fuel Pricing Policy

Energy | February 21, 2012, Tuesday // 16:22|  views

Lukoil Bulgaria CEO Valentin Zlatev, photo by BGNES

Triggered by numerous queries, fuel distributor Lukoil Bulgaria has vowed to present a report with detailed information about the fluctuation of fuel prices over the past 5 years, the pricing principles and the factors influencing fuel prices on the local and international markets.

According to a Tuesday statement of Lukoil Bulgaria's press office, the report is to be ready by February 23.

The fuel retailer says it will contact the media to specify the manner of distribuition of the materials.

On Monday Bulgaria was hit by the news that fuel prices had climbed to a new record high.

Bulgaria's Lukoil Neftochim refinery increased prices of the most common type of gasoline, A95, by 1.7% and prices of diesel by 1.41%.

On February 16, wholesale prices of gasoline and diesel went up by BGN 0.04 and BGN 0.03, respectively, causing a similar spike in retail prices of the commodities.

As a result, diesel reached the record BGN 2.70 per liter, while unleaded gasoline settled at BGN 2.57 per liter.

February 2012's rates broke the 2008 record of BGN 2.67 per liter of diesel and BGN 2.54 per liter of gasoline A95.

Representatives of major filling station chains commented that the price spike in Bulgaria reflected fluctuations on international markets triggered by the escalation of a dispute over Iran's nuclear program.

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Tags: Lukoil Bulgaria, Lukoil Neftochim, refinery, oil prices, fuel prices, fuel price hike, fuel retailer

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