Bulgargaz Demands 4,33% Natural Gas Price Increase

The explanation for the increase is the higher price of the blue fuel on the international markets in the last few months, Bulgargaz said. File photo

The state owned Bulgargaz has submitted an offer to the State Commission for Energy and Water Regulation (DKEVR) for a 4,33% increase in natural gas prices in the last quarter of 2009.

This has been announced by the Bulgargaz press office on Tuesday.

If the DKEVR accepts the proposal, the price of the natural gas in Bulgaria will go up by BGN 15,81 per 1 000 cubic meters to reach BGN 380,84 per 1 000 cubic meters, without the value added tax (VAT).

The rationale for the increase is the higher price of the blue fuel on the international markets in the last few months, Bulgargaz said.

The state owned company has one month to file a proposal with the state regulator DKEVR, which will make the decision on the increase of gas price starting October 2009.

Before officially announcing its decision, Bulgargaz expected a 2% increase in the price. Outgoing Chair of DKEVR, Konstantin Shushulov, promised that if the rise was minimal there would not be an increase of the central heating prices.

 

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