February 10 (SeeNews) - Bulgarian gas monopoly Bulgargaz said on Wednesday it has proposed to the country's energy regulator a 20.3% decrease in the price at which the company sells natural gas to its wholesale clients in the second quarter of 2016.
The tariff of 321.87 levs ($185.1/164.7 euro) per 1,000 cu m proposed by Bulgargaz does not include Value Added Tax and excise duties, the company said in a notice on its website.
The adjustment in the wholesale tariff, made on a quarterly basis, must be approved by the energy regulator to take effect.
Bulgargaz is a subsidiary of the state-owned Bulgarian Energy Holding.
Bulgaria imports almost all the natural gas it needs from Russia through a pipeline crossing the territories of Ukraine, Moldova and Romania.
(1 euro = 1.95583 levs)
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