Why are low fuel prices questionable? – economy



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There should be no state interference in fuel prices. I wouldn’t say there is a cartel or a monopoly. This was commented by Simo Simov, Vice-President of the Board of Directors of the Bulgarian Association of Fuel Traders, Manufacturers, Importers and Transporters (ABTPVPG).

In the “Plus-minus” program on Nova Tv. He explained that there are more economic operators in the market in our country. Simov commented on VOLIA leader Veselin Mareshki’s request for state regulation in business.

“Their prices are inadequate for the market and are not effective for the economy. What will happen with a margin of 2 to 5 stotinki, in a month we will all close,” said Simov.

According to him, it is difficult to expect a price increase. It assumes that due to the coronavirus crisis there may be a decrease.

“These are the opportunities in the Bulgarian market. We have a big difference in the prices offered in the big chains, which support quite high prices. The reasons: we had extremely low consumption due to restrictive measures. The movement of cars stopped.” . Service stations are highly staffed, costly logistics, “said Simov.

Oil fell more than 4%

Georgi Tenev, who is legal adviser to the Association of Fuel Traders, Importers and Transporters, also explained that in our country the chains operate “awkwardly” in terms of fuel prices. But he noted that “the very low price is also detrimental to the market.”



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