Trump's decision to partially lift the embargo against Russia will slow down the price increase or reduce fluctuations in the fuel market. This is a temporary measure. We can hardly expect it to have a long-term effect. The measures are to temporarily calm the market. This was stated by Ruslan Stefanov from the Center for the Study of Democracy in the program “From the Day” on BNT.
In any case, Europe and the US have additional measures that they can implement. These are not the highest oil levels we have seen, he noted.
The global market has proven to be quite adaptable. The issue is the current short-term impact, Stefanov commented.
He specified that Trump's decision is not a lifting of sanctions, but a granting of a license for additional sales. This shows that the US sanctions are quite effective, he summarized.
Regarding fuel prices, Ruslan Stefanov commented: "The conflict lasted longer than expected, which is strange to me. Iran's main weapon is oil. What we saw in prices had already been factored in. The shock of the initial attack and the fact that a quick diplomatic breakthrough was not achieved afterwards creates uncertainty in the market. This uncertainty will continue to play a role. It reduces the role of Iran in influencing the fuel market".
Our system is not designed to exclude those people who really have a social need from these subsidies, and they will also go to those who drive cars that consume 15-20 liters per 100 km, who can afford these prices, he gave an example.
In his words, the market will regulate itself because the prices are not that high.
He reassured that Bulgaria is well-supplied with fuel.