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. Last Updated: 07/27/2016

Gazprom Price Cut

SOFIA, Bulgaria -- Bulgaria's government will ask gas monopoly Gazprom to lower the price on the natural gas it supplies, its prime minister said Monday.

Prime Minister Ivan Kostov said his request was based on an overall drop in Bulgaria's consumption as a result of a series of closures of large state-owned companies. He gave no further details.

Gazprom, the only supplier of gas to Bulgaria, sells 1,000 cubic meters of gas for 228 leva ($103.6), the government said. This price includes a 20-percent value-added tax.

Kostov would not specify the extent of the price cut he would ask for in a meeting with Gazprom chief Rem Vyakhirev scheduled for Thursday.