Cabinet raises gas prices for population

Кабмин повысил цены на газ для населения

Earlier Groisman noted that the increase in gas prices will be “minimal loss”

Ukraine has taken responsibility to the IMF to align the prices of gas for households and industry in 2008.

From 1 November 2018 gas prices for the population will grow by 23.5%. The corresponding decision was taken by the Cabinet at a special meeting on Friday, October 19.

“Prices from 1 November for gas will grow by only 23.5%. Not 60%. This is what we managed against incredible odds to achieve as a result of these negotiations,” said Prime Minister Vladimir Groisman.

According to the decision adopted today, the gas price from November 1 will be UAH 8,550 per cubic meter.

Groysman said that Ukraine has taken responsibility to the International monetary Fund to equalize gas prices for households and industry in 2008.

“If we are not able to continue the relationship with international partners, we will not be able to repay its debts. Ukraine may be entered in default… We must act responsibly,” he said.

Earlier, the Cabinet renewed the existing gas prices for the population to 27 Oct 2018. Before it became known that the government is considering three scenarios for calculating gas prices for the population.

 

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