Government reduces wholesale gas price for population by 14%

Government reduces wholesale gas price for population by 14%

The Cabinet of Ministers and NJSC Naftogaz of Ukraine have approved a decision to cut the wholesale gas price for the population by 14%.

Prime Minister Denys Shmyhal sated this at a government meeting on March 25, according to an Ukrinform correspondent.

“Together with NJSC Naftogaz of Ukraine, we have provided all the conditions for reducing the gas price by approving the decision to reduce the wholesale price by 14% [in March]. We expect relevant actions from local authorities so that people can see this reduction in their utility bills next month,” Shmyhal said.

As Ukrinform reported, on March 23, Naftogaz stated about the reduction in the gas price for the population by 14% for March.

However, Naftogaz noted that the company does not supply gas directly to the population, except for Kirovohrad region. The company added it expects that private suppliers would adjust their price according to the market decrease and it would not exceed UAH 4.3 per cubic meter.

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