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Next gas price increase in Ukraine slated for May 2019

Source : 112 Ukraine

Earlier, Prime Minister Volodymyr Groysman claimed that there will be no more gas price increases during the current heating season
15:07, 27 October 2018

Open source

The next gas price hike might happen in May 2019, reads the decree of the Cabinet of Ministers published on the governmental website. 

According to the document, the prices will be increased in three stages. The decree contains a calculation formula and a coefficient that will be increasing.  

Related: IMF demands to increase gas prices for Ukrainians by 40%

Between November 1, 2018 and May 1, 2019, the price of gas for the population will be $220 per a thousand cubic meters, without taxes. Ekonomichna Pravda outlet calculated the cost of transportation and the supplements of gas distribution companies.  

It is reported that the gas price for the population will be $300 per one thousand cubic meters, including taxes, the cost of transportation and the supplements of gas distribution companies.  

According to preliminary calculations, from May 1, 2019 to December 31, 2019, the gas price for the population will make $350 per one thousand cubic meters. 

Related: Heating in Kramatorsk, Donetsk region, turned off due to absence of gas

As we reported earlier, on October 19, the Government adopted a decision on gas price increase by 23.5 percent from November 1. Within one hour after the relevant decision of the Cabinet of Ministers was adopted, a statement appeared on the website of IMF that Ukraine and IMF reached an agreement on a new 14-months support program of economic policy Stand-By Arrangement (SBA), which is supposed to change the Extended Fund Facility (EFF) adopted in March 2015 and expiring in March 2019. 

The Monetary Fund expects that IMF Council will adopt the program by the end of 2018 under the condition that Ukraine fulfills all agreements, including the adoption of the state budget by the Ukrainian Parliament, which corresponds to the recommendations of the Fund. 

Related: No more gas prices hike, - Ukraine's Prime Minister

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