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Bulgarian energy regulator approves 4.65% rise in gas price in Q1 2017

Bulgarian energy regulator approves 4.65% rise in gas price in Q1 2017 Author: Ilya. Licence: Creative Commons.

SOFIA (Bulgaria), December 30 (SeeNews) - Bulgaria's energy regulator said on Friday it approved a 4.65% rise in gas price in the first quarter of 2017.

The new price will be 280.21 levs ($151.34/143.27 euro) per 1000 cubic metres, excluding the distribution price of 19.73 levs, VAT and excise, the energy regulator, DKER, said in a statement.

Earlier this month, state-owned gas monopoly Bulgargaz proposed to the energy regulator to increase by 13.53% the price, at which it sells natural gas to end suppliers, to 302.99 levs per 1000 cubic metres.

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

(1 euro = 1.99583 levs)

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