Balgarianovinite.com Bulgaria’s 90-day fuel reserves should not be used to reduce prices but must be preserved as a buffer in case of physical shortages, caretaker Energy Minister Traicho Traikov told journalists on Tuesday after the opening of the National Repository for Radioactive Waste at the Radiana site near Kozloduy.
Traikov said that higher fuel prices have not significantly affected consumption. According to him, the measures taken by the caretaker Government are functioning effectively, noting that in a number of other countries they are frequently adjusted depending on the results.
On April 7, Deputy Finance Minister Stanimir Mihaylov said that Bulgaria’s caretaker Cabinet is expected to provide over EUR 100 million in direct and indirect support to the transport sector, in response to rising fuel prices resulting from the US-Israeli conflict with Iran. The subsidy is intended to meet the sector’s needs over the next three months, starting in April.
Traikov said that approval of the notification to the European Commission is expected in the coming days, which will allow the launch of a support scheme for energy-intensive industry. According to him, companies have long been expecting this measure in order to preserve jobs and remain competitive.
The Energy Minister emphasized that all measures to compensate for high fuel prices are financed with public funds. “Our goal is for the funds to go where they have the greatest potential to achieve two things: first, to support the most vulnerable, and second, to prevent inflationary pressure,” he said.
According to him, the State should not attempt to set or create prices, as this does not lead to sustainable results. He added that Bulgaria has managed, through a combination of measures, to maintain some of the lowest fuel prices in Europe.
Traikov warned that administrative or so-called forceful measures could lead to shortages and disruptions in supply chains, ultimately resulting in higher prices. He noted that Bulgaria’s approach is regarded as a good practice across the European Union. Fuel Reserves Should Be Used Only in Case of Shortages, Not to Control Prices, Says Energy Minister 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-04-14 11:12:53 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law