Excise duties on fuels jump
Higher excise duties on fuels will be implemented since January 1st, 2007. The main reason is the obligation for gradual increasing up to the mininal levels in EU that Bulgaria has adopted. At first the increment was planned to be 55lv per 1000 litres, as stated in the law project. Probably it will be much higher though, about 100lv per 1000 litres, according to the proposal of the ruling political parties, in order to increase the budget incomes. Such increment of ecxise duty will result in increasing retail prices of diesel and gasoline by 0.12 leva per litre.
