Bulgaria’s Fuel Excise Duty Revenue Rises 5% in 2011

Bulgaria’s Fuel Excise Duty Revenue Rises 5% in 2011

Bulgaria's revenue from excise duty on fuel rose by 89 million levs ($58.7 million/45.5 million euro), or 5%, in 2011.

Revenue from excise duty on gas oil rose 7.2% to 1.2 billion levs, state-run Bulgarian news Agency (BTA) reported, quoting finance minister Simeon Dyankov.

Net revenue from excise duty on petrol increased by 2%, equivalent to about 11 million levs.

Dyankov explained that linking up in real-time the local filling stations with the system of the National Revenue Agency at the beginning of the year led to an increase in the number of registered fuel outlets by 732 to 2907.

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