Naftogaz raises gas prices for industry from Jan 1

At the same time, the maximum prices of natural gas for industrial consumers will be increased by 8.2% as of January 1, 2018, from UAH 9,918 ($356) per 1,000 cubic meters to UAH 10,732.8 ($385) per 1,000 cubic meters.

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

If a buyer has no debts before Naftogaz or intends to buy at least 50 million cubic meters of gas per month, the minimum price is applicable. In other cases, buyers are to pay a higher price.

All prices include VAT.

Read alsoUkraine not to pay for gas Russia delivered to occupied DonbassAs 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 2.4% in December 2017, to UAH 9,019.2 per 1,000 cubic meters against November 2017, as well as increased the maximum prices by 2.3%, to UAH 9,918 per 1,000 cubic meters.