Bulgarian gas retailer Overgas said on Monday it will not increase gas prices for its clients in the second quarter of 2018 despite the increase in the wholesale prices approved by the country’s regulator. “There will be no change in gas prices for Overgas Mrezhi customers, although the [wholesale] prices have been hiked as of April 1 under a decision of the Energy and Water Regulatory Commission,” the company said in a statement quoted by Seenews.com.

On Friday, Bulgaria’s energy regulator said it has approved a 2.6% increase in the wholesale price of natural gas for the second quarter of 2018. The gas price in the period April-June will be 361.82 levs ($228/184.9 euro) per 1,000 cubic meters, VAT and excise excluded.

Earlier in March, state-owned gas monopoly Bulgargaz proposed to the energy regulator to increase the price at which it sells natural gas to end suppliers by 4.82% to 369.66 levs per 1,000 cubic meters. Bulgaria imports almost all the natural gas it needs from Russia through a pipeline crossing the territories of Ukraine, Moldova and Romania.

Overgas is 50% owned by Gazprom, according to Euractiv.com.