With the entry into force in November 2023 of the Consumer Transport Compensation Act, persons producing petroleum products from crude oil originating in or exported from Russia are required to make monthly contributions to compensate consumers for transportation costs.
The amount of the monthly contribution shall be determined by the Minister for Economy and Industry by the 15th day of the current month according to the formula under Article 1 of the Act.
The contribution for the month of February 2024, amounting to BGN 13,250,631, is determined by Заповед_РД_16_252_12_03_2024_1 (Order RD-16-252/12 March 2024) of the Minister for Economy and Industry.
Data for the calculation of the contribution are taken from:
- The average monthly price for February 2024 of Brent crude oil based on statistics from U.S. Energy Information Administration for Europe Brent Spot Price FOB (Dollars per Barrel) as follows: USD 83,480 per barrel.
https://www.eia.gov/dnav/pet/pet_pri_spt_s1_m.htm
- Average monthly price for the month of February 2024 of crude oil originating in or exported from Russia based on EU Council Decision (CFSP) 2022/2369 of 3 December 2022 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine as follows: USD 60 per barrel.
https://eur-lex.europa.eu/legal-content/BG/TXT/PDF/?uri=OJ:L:2022:311I:FULL
- The value of the contribution in BGN is calculated at the average monthly rate of the BNB
https://www.bnb.bg/Statistics/StExternalSector/StExchangeRates/MonthlyExchangeRates/index.htm
- CUSTOMS AGENCY
The levy is on petroleum products produced on the territory of the Republic of Bulgaria from crude oil originating in Russia or exported from Russia for the month of February 2024 for the quantity of litres of petroleum products with CN code 27 10, exported from a tax warehouse for the month of February 2024, produced from oil originating in Russia or exported from Russia, according to the data submitted by the Customs Agency.