Bulgarian authorities have stepped up monitoring of the domestic fuel market as tensions around the Strait of Hormuz raise concerns about possible disruptions to global oil supplies. Government institutions said that current fuel reserves remain sufficient, while additional mechanisms are being introduced to closely follow price movements and prepare potential policy responses if market conditions deteriorate.
As part of the enhanced oversight, the Bulgarian Customs Agency has launched daily monitoring of petroleum product prices across the country. The initiative is intended to detect any abnormal price fluctuations during the ongoing period of geopolitical uncertainty in the Middle East. The collected information will be analyzed and shared with relevant institutions to strengthen market supervision and ensure that potential irregularities are quickly identified.
At the same time, the caretaker Government has established a special interministerial task force responsible for tracking developments in the fuel sector. The group includes representatives from several government bodies and will assess risks related to fuel supply stability, price volatility and potential economic impacts. Its role is to coordinate institutional responses and recommend appropriate measures if market pressures intensify.
Officials have also sought to reassure the public about the availability of fuel supplies. Assen Assenov, head of the State Agency for State Reserves and Wartime Stocks, confirmed that Bulgaria currently maintains adequate fuel inventories and that the domestic market remains stable despite global uncertainties.
Meanwhile, National Revenue Agency director Rumen Spetsov stated that Bulgaria has sufficient fuel to meet demand until the end of March, even if shipments through the Strait of Hormuz were temporarily disrupted. According to him, existing reserves combined with ongoing deliveries would give the Government enough time to introduce contingency measures or secure alternative supply routes if needed.
These precautionary steps come as geopolitical tensions in the Middle East continue to raise concerns about the reliability of major global energy transport routes. Bulgarian authorities say they will maintain close monitoring and institutional coordination to ensure that domestic fuel supplies remain stable and that the market is protected from sudden shocks.
