SOFIA, April 15 (Xinhua) -- Prices of gasoline and diesel have surged remarkably since the outbreak of U.S.-Israeli attacks on Iran on Feb. 28, the executive director of Bulgaria's National Revenue Agency (NRA) said on Wednesday.
The prices of gasoline and diesel have increased by 19.9 percent and 38.8 percent, respectively, since the conflicts broke out, Milena Krastanova said at a press conference.
The results, Krastanova said, were obtained based on NRA's daily monitoring of the retail fuel market following the outbreak of the conflicts.
Andrey Delchev, executive director of the Bulgarian Petroleum and Gas Association, described the situation as "the most serious crisis that has ever happened, the most serious difficulty in the market, the most serious price spike."
"If it continues like this, the trends would be bad," Delchev told the Bulgarian National Television in a recent interview.
Energy prices have been surging due to the conflict in the Middle East and rising fuel costs are expected to feed into transport prices, goods and food, amplifying inflationary pressures around the world.
