Gas price for Ukrainians could be raised after talks with IMF - Nasalyk

The price of natural gas for industry and households in Ukraine is likely to grow after negotiations with the International Monetary Fund (IMF), Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. 

He told this to journalists on Wednesday, an Ukrinform correspondent reports.

"What will be the outcome of negotiations? The premier has already announced that we cannot conduct unconstructive talks with the IMF. There will be an increase. I cannot say how much, because I am not a party to the talks," Nasalyk said.

According to him, the increase is likely to align the price of gas for the population and the price of gas for industry.

As is known, in accordance with the clause on the imposition of special duties on natural gas market subjects for securing public interests in the process of functioning of the natural gas market, which was approved by Cabinet of Ministers of Ukraine resolution No. 187 dated March 22, 2017 (as amended), NJSC Naftogaz of Ukraine supplies natural gas to household consumers at a price of UAH 4,942 per 1,000 cubic meters (not including VAT).

While signing contracts with industrial consumers and other business entities from August 30, 2018, Naftogaz offered natural gas at a price of UAH 10,208 to UAH 11,115 per 1,000 square meters (not including VAT), depending on the volume of purchase and payment terms.