Bulgargaz Proposes to Cut Gas Price by 2.1% for Q1'2016

Bulgargaz proposed on Thursday to cut natural gas price for consumers by 2.1% for the first quarter of next year.

The state-owned gas supplier said on its website that it has proposed toBulgaria's energy regulator KEVR to set the gas price at BGN 406.49 per 1,000 cubic meters for the period January-March 2016, a decrease of BGN 8.71 compared with the price in the fourth quarter of 2015.

The price is free of VAT and excise tax.

In September, KEVR endorsed a 14.26% cut in gas price for the fourth quarter of 2015 proposed by Bulgargaz.