Bulgaria's energy regulator approved on Thursday a 0.94% cut in natural gas prices to 537.4 levs ($374.4/274.7 euro) per 1,000 cubic metres for the fourth quarter of 2010, excluding a 20% Value Added Tax.
Bulgaria's gas monopoly Bulgargaz said in August it was eyeing a 2.96% hike in gas prices in the fourth quarter. Earlier this month, the company said that it was seeking a 1.36% tariff reduction for local consumers in the last quarter of the year.