Bulgaria’s Energy Regulator Cuts Q2 End-Consumer Gas Prices by 3.89%

Bulgaria’s Energy Regulator Cuts Q2 End-Consumer Gas Prices by 3.89%

Bulgaria's energy regulator said it decided to cut domestic natural gas prices by 3.89% as of April 1.

The price will fall to 630.94 levs ($413.5/322.6 euro) per 1,000 cubic metres, value added tax excluded, the State Energy and Water Regulatory Commission said.

Earlier this month, state-owned gas monopoly Bulgargaz proposed that gas prices go down by 3.22% in the second quarter of this year reflecting the lower currency rate of the Bulgarian lev against the US dollar.

The country's energy regulator revises gas prices on a quarterly basis.

Bulgaria imports almost all the natural gas it needs from Russia through a pipeline crossing the territories of Ukraine, Moldova and Romania.

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