site.btaNatural Gas Price Can Decrease by 10% in July

Natural Gas Price Can Decrease by 10% in July


Sofia, May 10 (BTA) - The price of natural gas in the third quarter of 2016 can decrease by 9.97 per cent to 281.08 leva per 1,000 cubic metres, exclusive of excise duty and VAT, distributor Bulgargaz predicted on Tuesday.

The decrease is due to an expected fall in supply prices in the third quarter and a falling exchange rate of the Bulgarian lev to the US dollar.

The forecast is tentative. The final price proposal of Bulgargaz will be submitted to the Energy and Water Regulatory Commission on June 10.