Business news from Ukraine

NAFTOGAZ WILL REDUCE PRICE OF NATURAL GAS FOR UKRAINIAN POPULATION BY 11.7%

15 July , 2019  

NJSC Naftogaz Ukrainy will reduce the price of natural gas for the population by 11.7% (by UAH 648) compared to the June price, to UAH 4,905 for 1,000 cubic meters (excluding VAT, shipping costs and supplier margins), the press service of the company has said. Naftogaz focused on the fact that the final price for consumers will depend on the tariff for gas distribution.
As reported, according to government resolution No. 485 of June 5, 2019, from June Naftogaz is obliged to sell gas to the population at the minimum price of the four market values: the average price of imports according to the Ministry of Economic Development and Trade (UAH 5,161), the company’s price for industry (UAH 5,017), the average weighted price on the Ukrainian Energy Exchange (UAH 4,905), and public service obligations according to resolution No. 867 (the price is calculated in the amount of UAH 7,185).

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