Economy

Naftogaz will cut price of gas for industrial consumers by another 10.6-10.8% from March

Naftogaz Ukrainy from March 1, 2018 will reduce the price of gas sold to industrial consumers on a prepayment basis by 10.8% (UAH 994.8) compared to February, to UAH 8,201 for 1,000 cubic meters (including VAT).

According to the company, this price is relevant for consumers buying gas on a prepayment basis in the amount of more than 50,000 cubic meters per month, and if there are no debts to the company and for 100% subsidiaries of Naftogaz.

The price for other buyers next month will decrease by 10.6% (by UAH 1,078), to UAH 9,064 for 1,000 cubic meters (including VAT).

As reported, in February Naftogaz reduced the price of gas by 5.5-5.9%. Company Chairman Andriy Kobolev said the company intends to strengthen its position in the segment of natural gas sales to industrial consumers, offering "a new more flexible price product."

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