Naftogaz's gas prices for industry to grow from April 1

National Joint-Stock Company Naftogaz of Ukraine will increase the floor prices of natural gas for industrial consumers by 2.2% from April 1, 2020, to UAH 4,069, or US$146 (excluding VAT and transportation costs), per 1,000 cubic meters from UAH 3,981, or US$143, in March 2020.

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At the same time, the ceiling price of gas for industrial consumers will grow by 0.17% from April 1, 2020, to UAH 4,614, or US$165.02 (excluding VAT and transportation costs), per 1,000 cubic meters from UAH 4,606, or US$164.74, the company said in a statement.

Naftogaz quotations depend on the volume of purchases and payment terms, the company said.

UNIAN memo. NJSC Naftogaz of Ukraine is the largest state-run vertically integrated oil and gas holding whose subsidiaries account for about 90% of oil and gas production in Ukraine. Naftogaz develops oil and gas fields, produces crude oil and natural gas. Its core business is also transportation and trade in fuel through its own network of filling stations.