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Ukraine's Naftogaz to increase gas prices for industrial consumers next month

Source : 112 Ukraine

The increase rate will make from 5.2 to 11.5 percent, it will depend on the volume of the purchased gas and payment conditions
15:04, 24 April 2019

Open source

National Joint Stock Company Naftogaz-Ukraine will increase the price for the industrial consumers in May. The company's press office reported that on April 24.

The increase rate will make from 5.2% to 11.5%; it will depend on the volume of the purchased gas and payment conditions.

Thus, next month, the industrial gas consumers will have to pay from 233 to 257 USD. The sum does not include VAT and transportation expenses.  

The current gas price for the households in Ukraine is USD 316. Immediately after the respective decision of the Ukrainian Cabinet, Ukraine and the IMF reached the agreement on the new stand-by program, which foresees loans for Ukraine in the amount of 3.9 billion U.S. dollars. 

Related: Nord Stream 2 to sue EU over new gas rules

The team of Ukraine's president-elect Volodymyr Zelensky demands that the Cabinet and Naftogaz-Ukraine company cut the gas prices for households since May 1. The respective message appeared on the team's official Facebook page.

According to them, the price of gas in Ukraine exceeds that on the European market. This, the team believes is due to the fact that in Europe, the prices have been dropping for four months in a row. 

Related: Ukraine's PM to initiate resignation of Naftogaz CEO in case of gas prices increase

The president-elect's associates are concerned about the possible limitation of Russian gas supplies since June 1, and the full cease of these supplies since January 1, 2020. That, according to them, will lead to financial losses and risk of losing gas supplies'.

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