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Gas price in June to be reduced by 7,3%, - Naftogaz

The reduction of the price is planned for June 2019
15:31, 14 June 2019

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Naftogaz will reduce gas price for the consumers under the PSO in June 7,3%, as the press office of the company reported.

“Naftogaz has calculated a new price of natural gas for the needs of the population and other consumers under PSO, which will come into force in June – in compliance with the provision of Ukraine’s Cabinet of Ministers No. 485 as of June 5, 2019 it will make $198,3 per one thousand cubic meters (without value-added tax, the price for delivery and extra charges of the supplier). Therefore, in June gas price that Naftogaz sells to its gas distributors and delivers to the consumers under PSO will reduce by 7,3% or by $15,5 in comparison with May,” the message reads.

Related: Ukraine’s government, Naftogaz buy gas at exorbitant price on purpose, - Boiko

It was noted that the provision of the Government No. 485 provides that Naftogaz analyses four indicators to set a price – a price for commercial consumers over the last month, information of the Ministry of Economic Development and Trade at an average customs value of gas over the last month, weighted average price on Ukraine’s energy stock market and price under the governmental provision No. 867 as of October 19, 2018 – the company chooses the lowest one. The price on Ukraine’s energy stock market was the lowest one. It defined the price for June.

“The new mechanism shows the advantages of a certain market. The price changes in parallel with market priorities and thanks to that, the consumer gets fair conditions. We hope that the Government will agree with our proposal for the total abolition of the price regulation, which in addition to transparent pricing will allow the final consumer to choose gas supplier,” the Head of Naftogaz Andriy Kobolev noted.

Related: Naftogaz responds to Gazprom’s statement on gas transit, discounts for Ukraine

As it was reported, Ukraine’s Prime Minister Volodymyr Groysman stated that the Government has to oblige Naftogaz to reduce gas price in June and July this year. The Cabinet of Ministers appealed to Accounts Chamber, Anti-Monopoly Committee, State Fiscal Service to check the gas price formation.

As it was reported, Naftogaz Ukraine claimed a possibility to reduce gas price for the population by 4% in comparison with the price in April.

Related: Wholesale prices for gas reduced considering market movement, - Naftogaz

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