Naftogaz raises gas prices for industry from June 1

National Joint-Stock Company Naftogaz of Ukraine will raise the minimum prices of natural gas for industrial consumers by 8.9% as of June 1, 2018, to UAH 9,952.8 ($382) per 1,000 cubic meters from UAH 9,142.8 ($351) per 1,000 cubic meters in May 2018.

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At the same time, the maximum prices of natural gas for industrial consumers will be increased by 8.5% as of June 1, 2018, to UAH 10,893.6 ($418) per 1,000 cubic meters from UAH 10,041.6 ($385) per 1,000 cubic meters, the company said in a statement.

Naftogaz's quotations are differentiated depending on the volume of purchase, terms of payment, and payment records, the company said.

All prices include VAT.

As UNIAN reported earlier, a new law on the natural gas market came into force in Ukraine on October 1, 2015, which deprived Ukraine's National Energy and Utilities Regulation Commission of the right to establish prices of natural gas for the industry.

Naftogaz raised the minimum prices of natural gas for industrial consumers by 5.5% in May 2018, to UAH 9,142.8 per 1,000 cubic meters against April 2018, as well as increased the maximum prices by 5.2%, to UAH 10,041.6 per 1,000 cubic meters.