March 11 (SeeNews) - Bulgarian gas monopoly Bulgargaz proposed on Friday a 23.02% reduction of the wholesale price at which it sells natural gas to its clients as of April 1, revising its previous proposal, which envisaged a 20.3% cut.
The tariff of 312.21 levs ($177.1/159.4 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 Bulgarian Energy Holding (BEH), which pools all state energy assets.
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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