Bulgargaz Demands 32.44% Increase in Gas Prices

Business » ENERGY | February 13, 2017, Monday // 09:25| Views: | Comments: 0
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Bulgaria: Bulgargaz Demands 32.44% Increase in Gas Prices File photo, EPA/BGNES

Bulgaria's state-owned gas supplier has announced the prices of natural gas will have to go up by nearly a third as of April this year.

In a statement, the company has cited higher supply costs as of the next quarter.

Another argument is the current BGN/USD exchange rate.

The new proposal will be submitted to the Energy and Water Regulatory Commission at its next session on March 10.

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